Latest Headlines on OCRegister.com
[x] Close
OC Watchdog ~ Your tax dollars at work.

Attention, tiny nonprofits: IRS deadline for filing is Friday - or else!

May 11th, 2009, 11:06 am · Post a Comment · posted by Teri Sforza, Register staff writer

handsIt used to be that wee little nonprofits - those hauling in less than $25,000 a year - didn’t have to provide financial details to Uncle Sam.

Those days are gone.

Our friends at the Internal Revenue Service  ask us to remind small nonprofits that they must file “e-postcards” (Form 990-N) with their bare-boned financials, and that the deadline is Friday, May 15.

This is the second year of the new requirement. If organizations fail to file for three consecutive years, they automatically lose their tax-exempt status.

Deadline nuance:

  • The May 15 deadline applies to all small organizations whose tax year ends on Dec. 31 ( i.e., follows the calendar year).
  • Organizations whose tax year is different from the calendar year must file the e-Postcard by the 15th day of the 5th month after the close of their tax year.

The e-Postcard must be filed online. There is no paper option, the IRS says.

More Watchdog:

Share this post:
  • E-mail this story to a friend!
  • Digg
  • del.icio.us
  • Facebook
  • Google
  • NewsVine
  • Fark
  • TwitThis
Posted in: MoneyNonprofitsTaxes
 
ADVERTISEMENT

Leave a Reply