Tax Exempt Orgs, Your Filing Day May Be Approaching ~ May 15th

April 1, 2011 at 4:53 pm (Adult Industry, Business Taxes, General Tax Information)

If your organization normally has gross receipts of $25,000 or more ($50,000 for tax years ending on or after December 31, 2010), you must file a 990 (or 990-EZ if allowed) Return by the 15th day of the 5th month after the end of your organization’s fiscal year. Many organizations begin their year on January 1st and therefore must file by May 15th. However, a three month extension may be granted by filing Form 8868 before the due day without having to explain why it cannot be filed on time. An additional three month extension may be granted if your organization can prove reasonable cause why you cannot file on time.

* Small organizations whose annual gross reciepts are normally less than the threshold are not required to file annually, but may be required to file a notice by e-postcard.

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