Non-profit corp. Filing requirement?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • taxjungle
    Member
    • Oct 2006
    • 71

    #1

    Non-profit corp. Filing requirement?

    Do ALL Non-Profit Organizations have a filing requirement?
    If gross income is under a certain amout each year, is there an exception for filing a tax return for the Non-Profit?
    Any help will be appreciated?
  • Uncle Sam
    Senior Member
    • Jul 2006
    • 1461

    #2
    Non-Profit Filing

    All non-profits are required to file a Form 990- or an alternative version of Form 990 -
    Form 990-EZ, or Form 990-N (electronic post card).
    Failure to file any form of 990 for 3 consecutive years - IRS will automatically
    revoke the organization's exemption, and it must go through the entire
    re-application process (with any applicable application fee) in order to
    get reinstated.
    Uncle Sam, CPA, EA. ARA, NTPI Fellow

    Comment

    • mvwilson64
      Junior Member
      • Mar 2015
      • 2

      #3
      Do a small nonprofit still have to file a 990 form even if they are not tax-exempt?

      Comment

      • taxmandan
        Senior Member
        • Oct 2005
        • 1037

        #4
        'Nonprofit' is a misnomer often used to refer to an operation that is approved by the IRS under Sec. 501(C)__ of the IRC and more correctly referred to as a Tax-exempt entity. Any activity that receives income (money) for whatever reason is subject to the IRC and has a filing requirement. There is no such entity as a 'nonprofit' in the IRC.
        "A man that holds a cat by the tail learns something he can learn no other way." - Mark Twain

        Comment

        Working...