Deadline Coming Soon
An important deadline for not-for-profit organizations is coming. The IRS is reminding tax-exempt organizations to file their annual information returns (Form 990, “Return of Organization Exempt from Income Tax”) by May 15, or risk having their federal tax-exempt status revoked. The IRS also cautions tax-exempts to exclude unneeded personal information, such as Social Security numbers, where possible. The exact form that’s required to be filed depends on the gross receipts, total assets, and type of organization. For more details, see https://bit.ly/2Ica8AQ.