New Filing Requirment for Small Land Trusts!
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filed under:
Lobbying,
Federal issues,
Tax issues,
Land transactions,
State and local issues,
Public Policy
Advocates Alert: January 22, 2008
Beginning in
2008, small tax-exempt organizations will have a new filing
requirement. It’s short, easy and electronic – it’s the new e-Postcard
(also called the Form 990-N).
If you are a tax-exempt organization that normally has annual gross receipts of $25,000 or less and thus does not have to file Form 990 or 990-EZ, you now must file the e-Postcard. The e-Postcard is due by the 15th day of the fifth month after the close of your tax year. So if your organization operates on a calendar year, the e-Postcard is due by May 15 of the following year.Nonprofits that do not file risk losing their tax-exempt status.
If you think this new filing requirement may apply to your organization, go to http://www.irs.gov/charities/index.html for complete details.
