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990 IRS Nonprofit Form Info

990 Tax form requirements for Nonprofits
 
Every year as a nonprofit, unless your revenue is less than $25,000 you are responsible for filing a tax form 990 with IRS
 
There are large penalties for not filing on time, the penalties can range from$25 - $100/day depending on your gross receipts (to a maximum of $10,000 or 5percent of its gross receipts for the year, whichever is less) 
 
All nonprofits with revenue exceeding $25,000 must file their form 990 – On the 15th day of the month, 5 months after the close of  their fiscal year. 
 
Forexample, if your fiscal year is;
January 1st thru December 31st you must file your 990 by May 15 or
 
If your fiscal year is July 1st thru June 30th you must file your 990 by November 15
 
Extensions:
You can request and be given two (2) - Three (3) month extensions for a total of  Six (6) months
 
 
The IRS 2011 form 990 can be found here -
 

2 Comments to 990 IRS Nonprofit Form Info:

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glass clamp on Saturday, May 18, 2013 1:28 AM
I wanted to comment on the energy and vibe of your site. I can see that you are someone who truly cares about others as yourself understand from your experiences that we truly are "One". I enjoyed the posts and what you are trying to do out in the world and I admire you for putting it out there and being so real about it. Great work!!!!
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www.rush-my-essay.com on Monday, October 16, 2017 6:32 AM
I literally hate the tax deposition because it is a hectic task. And the laws that bind all those tax collection are way too much stinky for me. The law that is imposed on the profit rate is also quite frustrating but I can’t do anything because it is our duty to pay taxes.
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