Nonprofit Alert - New IRS Filing Required

Don’t Throw Away Your Tax-Exempt Status

Beginning in 2008, small tax-exempt organizations will have a new filing requirement. It’s short, easy and electronic – it’s the new e-Postcard. If you are a tax-exempt organization that normally has annual gross receipts of $25,000 or less and does not have to file Form 990 or 990-EZ, you must file the e-Postcard. The e-Postcard is due by the 15th day of the fifth month after the close of your tax year. So if your organization operates on a calendar year, the e-Postcard is due by May 15 of the following year. What happens if you don’t file? You risk losing your tax-exempt status! If you think this new filing requirement may apply to your organization, go to www.irs.gov/eo for complete details and while you’re there sign up for Exempt Organization’s free email newsletter, EO Update, to receive up-to-date information posted on the charity pages of irs.gov.

Click on either of the following links to check out additional resources on our website for Nonprofit Organizations and Board Members.
 
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