Non-Profit Tax Deadline on May 15th

By Michael Banner - May 10, 2013      Comments     


If you run a tax-exempt organization that is required to file annual reports with the Internal Revenue Service, beware of the May 15th deadline, which if ignored, could result in the revocation of your tax exemption.

 

Starting 2007, the Pension Protection Act of 2006 imposed a new annual filing requirement on small organizations.  Additionally, most tax-exempt organizations are required to file annual Form 990-series information returns or notices with the IRS.   Failure to file reports for three consecutive years will cause the revocation of an organization’s tax exempt status.   Churches and church-related organizations are not required to file annual reports.

 

Because Form 990-series information returns and notices are due on the 15th day of the fifth month after an organization’s fiscal year end, since most use a calendar year, this makes the May 15th a deadline for most tax-exempt organizations.

 

Smaller tax-except organizations with average annual receipts of $50,000 or less may file a noticed called Form 990-N (e-Postcard) which reports only a few basic pieces of info.  Those with more than $50,000 in income must file Form 990 or 990-EZ.  Private foundations use Form 990-PF.

The IRS offers an online search tool, Exempt Organizations Select Check, to help users more easily find key information about the federal tax status and filings of certain tax-exempt organizations, including whether organizations have had their federal tax exemptions automatically revoked.

Tags: nonprofit  
About Michael Banner
  CEO & Founder of SmallBiZ.com, created over seventeen years ago to help small business owners simplify the process of starting & managing their small businesses. SmallBiZ.com now serves over 10,000 businesses per year with various filing and subscription services; in addition to the 1000's of daily visitors to www.smallbiz.com, accessing free services, help pages, & educational videos & webinars.


Connect with Michael Banner on Google+


   Comments


Subscribe




Recent Comments
Jonathan Jasberg on How to notify the IRS of changes to EIN? fsad
Jonathan Jasberg on How to notify the IRS of changes to EIN? test
Jonathan Jasberg on How to notify the IRS of changes to EIN? test
Jonathan Jasberg on How to notify the IRS of changes to EIN? test
jeffry moukarzel on More Florida Scam Notices Coming Your Way Hi, I am a new business owner and I just filled a scam paper it looks like a real one ...

Blog Archive
2017 (5)
2015 (2)
2014 (1)
2013 (15)
2012 (1)



Tags
Arizona Publishing  Articles of Organization  continuance  conversion  domestication  filing fees  Hawaii  HowTo  LLC  LLLP  Mississippi  Nevada Corporation  Nevada Fees  Nevada LLC  nonprofit  obamacare  Promo Code  scam alert  scams  seo  success  taxes  teset  video