Nonprofit Advice Corner

Last Chance for Small Nonprofits to Register with the IRS

September 2010

By: Andy Holman, CPA, partner, RitzHolman CPAs in Milwaukee
Small nonprofits who do not register with the Internal Revenue Service (IRS) by October 15, 2010 will lose their tax-exempt status. 
Most tax-exempt organizations, except religious institutions, must file an annual Form 990 with the IRS within four and one-half months from the end of their fiscal year.
In 2006, Congress changed the law that requires small nonprofits with a gross revenue of less than $25,000 to file an electronic postcard, Form 990-N, with the IRS.  Prior to that time, small nonprofits had no filing requirement.
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