Saturday, May 15, 2010

Nonprofit organizations - must file form 990 with IRS by Monday

Every nonprofit organization with less than $25,000 per year income except churches must file form 990 by Monday or lose tax exempt status. This is from a law passed three years ago and Monday is the end of the deadline to file that form.  Village associations and others operating as tax exempt organizations will fit into this category. Check to make sure your organization has filed. This could apply to bird societies and many other groups if they have a 501 status with the IRS.

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