The IRS uses these very specific revenue and expense classifications and your answers to a long list of questions on the return to determine if your organization will retain its tax-exempt status.
All tax-exempt nonprofit organizations are obliged to submit Form 990s annually. The forms are publicly available records about the nonprofits’ financials and offer great insight into the organization. Form 990 which includes the following items:
An organization that normally has $50,000 or more in gross receipts and that is required to file an exempt organization information return must file either Form 990-EZ, or Form 990. The return is due on the 15th day of the 5th month after the end of the organization’s fiscal year.
We will ensure your 990 tax returns are filed correctly and e-filed on-time to maintain your tax exempt status.