May 16, 2016, is the deadline for
filing annual information returns for nonprofit organizations. Missing the due
date three years in a row means losing tax-exempt status. The revocation is
automatic and has severe consequences, including the possibility of paying
income tax. The good news is that filing might be easier than you think. A
nonprofit with annual gross receipts of $50,000 or less can file Form 990-N,
known as the "e-Postcard." Form 990-N has eight questions and is
filed electronically.
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