More tax exempts can file e-postcard instead of Form 990
Feb 2, 2011
The IRS has changed the rules for tax-exempts filing 990s. New Revenue Procedure 2011-15 provides that a tax-exempt organization that normally has annual gross receipts of not more than $50,000 isn't required to file an annual return under Code Sec. 6033(a), i.e., Form 990. This is a significant change from the previous annual gross receipt threshold of $25,000. Under this new rule, most tax-exempt organizations whose gross annual receipts are normally $50,000 or less can file the simpler Form 990-N (Electronic Notification e-Postcard).
For more details about the new Form 990 rules, click here.
Please contact Gross Mendelsohn at 410.685.5512 or email us if you have any questions about these matters.
