IRS Form 990 Deep Dive | Failure to File Penalties | OH IN KY

Form 990 | A Deep Dive with Top Non-Profit Tax Pros

Published on by Paula Hume, Lynn Meiser, in Not-for-Profit, Video


Can’t watch the video? Get the transcript.

Top non-profit tax pros Paula Hume and Lynn Meiser dive into Form 990 – the different versions, filing requirements for different sizes of organizations, and insights on how the Form 990 can be an asset to your non-profit organization’s growth.

Highlights and key points of the Form 990 deep dive

  • Tax-exempt organizations must file the Form 990 series, with the specific form (990-N, 990-EZ, or 990) dependent on the organization’s gross receipts and assets.
  • The filing deadline for the Form 990 is the 15th day of the 5th month after the organization’s fiscal year-end.
  • In addition to the federal 990 filing, tax-exempt organizations may have state-level filing requirements which can vary significantly by state.
  • The Form 990 is publicly available, so organizations should use it to effectively communicate their activities and financial information to the public.
  • Tax-exempt organizations must also file a Form 990-T if they have unrelated business income, which is subject to tax.
  • Failing to file the required 990 forms can result in penalties and the potential revocation of the organization’s tax-exempt status.

Have questions about the Form 990 or want to talk with one of our non-profit tax experts? Contact us today to set up a free consultation. You might also be interested in Paula and Lynn’s video on common errors and misconceptions about Form 990 – and insights into how non-profit organizations can use the Form 990 to build credibility, share their story more broadly, and drive engagement with potential donors.


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