Tax-exempt organizations are required to file annual reports with the IRS. Those with gross receipts below a certain threshold amount can file an E-postcard rather than a longer version of Form 990. The IRS has just raised that threshold amount to $50,000, an increase over the previous filing threshold of $25,000.

The deadline for nonprofit filings is the 15th day of the fifth month after the organization’s year-end. For calendar-year organizations, the filing deadline for 2010 reports is May 16, 2011.

Do you have questions about the new filing threshold for nonprofit organizations? Call the tax experts at:

ENGELMAN ACCOUNTANCY CORPORATION
520 So. El Camino Real, Suite 410
San Mateo, CA 94402
650.344.6525

The five major tax deadlines for the month of March 2011 include:
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Note these 2011 tax deadlines:
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It’s time to file various tax returns once again. Among the tax deadlines you may be required to meet in
the next few months are the following:

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If you serve a nonprofit organization in some capacity, you need to be aware of this important tax filing requirement: All nonprofit organizations, except for churches and church-related groups, must file an annual return with the IRS. Failure to do so for three consecutive years will result in the loss of the organization’s tax-exempt status.
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June 15, 2010, is the due date for making your second installment of 2010 individual estimated tax. Your check to the United States Treasury should be accompanied by (more…)

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