The IRS Audit Blog

Posts Tagged ‘irs form 990’

Question: If we just got approval from IRS to be a 501c3 (non profit) in 2010, do we need to file form 990 for 2009?

I’m trying to figure out if we need to file an extension for the 990 form (non profit) for tax year 2009.
We’re a small non profit organization operating in Georgia since 2004 but with less than 25k year “income” (donations) but we just got our 501c3 approved in March 2010. Please help!!! Today is the last day to file the extension….Thanks!!!

Answer: There wouldn’t be any harm in filing it, so why take the chance?

Ther would be harm if you were supposed to but didn’t.

FILE IT!

Is there such a thing as an extention for the 990?

Can you file the 990-N online?

Check out this web site for some info:

http://nonprofit.about.com/od/nonprofitbasics/tp/Form-990.htm

Special to the Daily Herald

DALLAS — The Internal Revenue Service has released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. Included in the release is a one-page form and instructions small employers will use to claim the credit for the 2010 tax year.

Charity Registration

Question: Tax-exempty status – Examples of Package 1023?

I am in the process of forming a non profit in NC. Since I was able to view completed Articles of Inc. on the NC Secretary of State site I was wondering if there is a website where I could view the paperwork (1023, 990, etc) involved in the 501(c)3 process.

I am interested in viewing completed applications. Assuming that a tax-exempt organization is open to scrutiny, because of its status, I would think that one would be able to view these forms in their entirety, as opposed to instructions and blank forms provided by irs.gov.

Past incorrect answers have been:

Form 990
www.irs.gov/pub/irs-pdf/f990.pdf
instructions
www.irs.gov/pub/irs-pdf/i990-ez.pdf

See Application for Exemption
www.irs.gov/pub/irs-pdf/f1023.pdf

explanation of requirements:

IRS Publication 557 “”Tax Exempt Status for Your Organization”
www.irs.gov/pub/irs-pdf/p557.pdf

These are blank not completed forms.

Answer: Public disclosure FAQ from the IRS: http://www.irs.gov/charities/article/0,,id=96430,00.html

Ordering copies on CD/DVD from the IRS: http://www.irs.gov/charities/article/0,,id=150268,00.html Note that the (significant) costs here are waived for requests from the media as well as from other governmental agencies.

You can also subscribe to GuideStar.org though their website: http://www.guidestar.org/services/ds.jsp?gclid=CISf2aXDr40CFQIpFQodyR280A It’s not free, but it’s cheaper than buying the DVDs from the IRS.

Turner, Jones top SMU salary lists

June Jones, left, and R. Gerald Turner, right, are the highest paid employees at SMU with total compensations more than $1 million.

Internal Revenue Service (IRS) Form 990 – Are You Ready?