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IRS provides Form 990 series filing information
Written on Apr 25, 2024
The Form 990 series filing deadline this year is May 15, 2024.
Form 990, 990-EZ, Form 990-N, or 990-PF must be filed by the 15th day of the 5th month after the end of your organization's accounting period. For a calendar year taxpayer, Form 990, 990-EZ, Form 990-N, or 990-PF is due May 15 of the following year.
Which Form 990-series return should be filed?
Most tax-exempt organizations are required to file an annual return. Which form an organization must file generally depends on its financial activity, as indicated in the chart below.
Status | Form to file: |
Gross receipts normally < $50,000 | |
Gross receipts < $200,000 and Total assets < $500,000 | |
Gross receipt > $200,000 or Total assets > $500,000 | |
Private foundation – regardless of status |
What if an organization needs more time to file?
Tax-exempt organizations that need additional time to file beyond the May 15 deadline can request a 6-month automatic extension by filing Form 8868, Application for Extension of Time To File an Exempt Organization Return. In situations where tax is due, extending the time for filing a return does not extend the time for paying tax. The IRS encourages organizations requesting an extension to electronically file Form 8868.
Are there consequences for filing late?
An organization that does not meet its Form 990 or Form 990-EZ filing requirement may have to pay a penalty for each day the return is late. The amount of the penalty depends on the size of the organization. See Form 990 Instructions or Form 990-EZ Instructions, “Failure-To-File Penalties” for additional information.
What happens if an organization doesn’t file?
Under Internal Revenue Code Section 6033(j), the tax-exempt status of an organization that does not file a required return or notice for three consecutive years will be automatically revoked as of the due date of the third unfiled return. Revoked organizations must file Form 1120, U.S. Corporation Income Tax Return, or a Form 1041, U.S. Income Tax Return for Estates and Trusts, and may need to pay income taxes.
Where can an organization find help filing Form 990?
Interactive online Form 990 Overview provides information on:
Which forms to file
When they are due
Public disclosure of your return
Offers other tips on preparing your annual filing
Officers, board members, and volunteers are encouraged to review all of the courses available in the StayExempt.irs.gov Virtual Small to Mid-Sized Tax Exempt Workshop.