Do I Have to File a 990?

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Filing Requirements for Tax-Exempt Organizations

Most tax-exempt organizations must file Form 990 annually if they have $200,000 in gross receipts or $500,000 in assets. Some are exempt, like political, religious, and church organizations. All hospitals must file Form 990 and attach Schedule H on policies and community benefits.

Different Forms for Different Receipt Levels

  • Form 990-N is for organizations with under $50,000 in annual gross receipts.
  • Form 990-EZ is required for those with $50,000 to $200,000 in annual gross receipts.
  • Small tax-exempt groups with under $50,000 in gross receipts don’t need to file Form 990 or 990-EZ.
  • The 990-N e-postcard system moved from Urban Institute to IRS.gov on February 29, 2016.
  • All organizations must register at IRS.gov before next filing. 990-N must be filed electronically.

Additional Filing Information and Tools

  • Attach Schedule B to Form 990 if over $5,000 or 2% of revenues from one contributor.
  • Form 990-T is necessary if there is over $1,000 in gross income from unrelated business.
  • Estimated tax payments are required if over $500 is due.
  • Issue 1099s to contract workers.
  • 990-N is due by the 15th day of the 5th month after the tax year ends, which is usually May 15th for those organizations with a tax year ending on December 31st.

Organizations can use 990 Online to e-file previous years’ 990-EZ instead of missing 990-N, with no fee if under $100,000 in gross receipts. The processing time varies between forms: 2-4 weeks for 1023-EZ and 3-6 months for 1023 approval.

Amended returns have state filing considerations, and it’s important to note that Turbotax doesn’t offer Form 990; it should be downloaded from the IRS website.

Consequences of Not Filing

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Exemption from Filing Form 990

Who is not required to file Form 990?

Small tax-exempt groups with under $50,000 in gross receipts don’t need to file Form 990 or 990-EZ. The statement about tax-exempt hospitals is repeated and thus omitted here.

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