Nonprofit Tax Filing Requirements

Most of you will already be familiar with the time frame for filing your organization’s non-profit returns with the IRS and the Franchise Tax Board. These forms must be filed no later than the 15^th day of the fifth month after the fiscal year end. For example, if your entity’s fiscal year ends on December 31^st, your filing is due on May 15^th. The filing requirements have changed over the past few years, and the filing requirements are different for the IRS than they are for the Franchise Tax Board. For 2012, the filing requirements are as follows:

IRS Requirements

Form to File

If your gross receipts are:

990-N

Normally equal to or less than $50,000

990-EZ

Normally less than $200,000 and total assets are less than $500,000

990

Equal to or more than $200,000 or more and total assets are equal to or more than $500,000

FTB Requirements

Form to File

If your gross receipts are:

199-N

Normally equal to or less than $25,000

199

Normally greater than $25,000

All non-profit organizations must file one of the above returns. If you qualify to file forms 990-N and 199-N, these are postcard filings that can be done very easily online. If you need more information you can check the IRS or Franchise Tax Board websites, or contact your tax preparer.

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