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Small nonprofits face new filing rules

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Effective this year, the IRS has established new filing requirements for small nonprofits, including penalties for groups that fail to comply.

In the past, small tax-exempt groups, defined by the IRS as those with $25,000 or less in annual gross receipts, did not have to complete an information filing, known as a Form 990 or 990-EZ.

Beginning in 2008, those groups must complete a new electronic Form 990-N, called an e-Postcard, by the 15th day of the fifth month after the close of their tax year.

Under the new rules, failure to file the e-Postcard for three consecutive years will result in the revocation of an organization’s tax-exempt status by the IRS.

The new filing calls for basic organizational information, such as the group’s legal name, address, website, employer identification number, and a statement of annual gross receipts.

Additional information about the form and required elements is available on an IRS website.

The system for electronic filing is still under development by the IRS.

The Nonprofit Advocacy Network, a project of the Alliance for Justice in Washington, D.C., will provide updates related to the release of the new form.

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