Tax Compliance

Not For Profit Returns

Although most tax-exempt organizations do not pay federal income taxes, most do have to file a return – Form 990.

The type of Form 990 to be filed depends on the filing year and the gross receipts of the organization, such as Forms 990, 990-EZ, and 990-N.

Not all nonprofits have to file an annual return, such as most faith-based organizations, religious schools, government corporations, and state institutions that provide essential services.

Your organizations Form 990 is due on the 15th day of the 5th month after the end of the organization’s taxable year. In other words, if your organization follows the calendar year, your Form 990 is due May 15 of each year.

If your organization fails to file a return three years in a row, the IRS will automatically revoke its tax-exempt status, which there is no appeal process.

Contact Morris and Associates today for a FREE consultation to discuss what form would be appropriate for your not-for-profit organization.