Tax Exempt Organization - filing regs.

Most tax-exempt organizations, other than churches, must file a yearly return or notice with the IRS. If an organization does not file a required annual return for three consecutive years, the law provides that it automatically loses its tax-exempt status. Loss of exempt status means an organization must file income tax returns and pay income tax, and its contributors will not be able to deduct their donations.

What must be filed this year depends on the organization’s financial activity:

Form 990-N If Gross Receipts (GR) Less or equal $25K
Form 990-EZ If GR > $25k <$1 million and Total Assets (TA)of < or =$2.5 Millions. Form 990 If GR > or = $500K or TA > or =$1.25 million.
Form 990-PF Private Foundation.

Source IRS

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