The Internal Revenue Service is reminding tax-exempt organizations that most face a May 15 filing deadline for certain informational tax returns.
Most tax-exempt organizations that use the calendar year as their tax year must file Form 990-series returns and notices. Those returns and notices are due on the 15th day of the fifth month after an organization’s tax year ends.
By law, organizations that fail to file the annual reports for three consecutive years will have their federal tax exemptions automatically revoked, the IRS said.
The Pension Protection Act of 2006 mandates that most tax-exempt organizations file annual Form 990-series informational returns or notices with the IRS. The law, which went into effect in 2007, also imposed a new annual filing requirement on small organizations.
Churches and church-related organizations are not required to file the Form 990 annual returns, however. For more information, see irs.gov.
Call The Bee’s Mark Glover, (916) 321-1184.