Non-profit Annual Filing Due

Posted on 30. Apr, 2016 by in Bookkeeping Articles, Services, Small Business Tips, Tax Updates

nonprofitAnnual reporting is required for all organizations that wish to keep their non-profit status intact. The non-profit annual filing due date is May 16, 2016 for calendar year organizations. How can you help ensure your favorite charities stay compliant?

  • Check on-line. The IRS has a master list of charitable organizations recognized as non-profits in good standing. Here is a link: Exempt Organizations Select Check
  • Remind the organization. Many small non-profits like youth sporting groups and local school booster clubs often forget about this reporting because officers are constantly rotating in and out of the organization.
  • It is not too difficult. If the charitable organization has less than $50,000 in gross receipts, they can comply by sending in a Form 990-N e-Postcard. Larger organizations must fill out Form 990 or Form 990-EZ.
  • Failure to file could cause your favorite charity to lose its non-profit status. This can have a cascading effect on all those donating who wish to deduct their donation on their tax returns.

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