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990 ez filing requirement

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    #1

    990 ez filing requirement

    New client has been filing 990 EZ. Income is less than $25,000 and assets may be $600,000. The way I read the chart on irs.gov that 990 EZ is filed when both requirements are met, over $25,000 and assets over 1.25m. Is that correct? They thought the assets threw them into the 990EZ. Are there asset requirements on the 990 N?
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    #2
    Sorry I meant assets under 1.25m on the ez

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      #3
      990-n

      Just went to irs.gov - Charities section and read FAQs.

      Apparently there is no mention of asset maximums to file - just gross receipts limit of under $ 25,000.
      Uncle Sam, CPA, EA. ARA, NTPI Fellow

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