The IRS Wants To Hear From You

If you have not filed a a form 990 for a few years you may be in trouble. If you work in a nonprofit and have just asked yourself, “what is a 990?” read this first, then come back. But since this is an accounting blog devoted nonprofit related issues I’ll assume my readers know all about 990s. But if you know folks who could use this info please do pass these links on.

As this press release from Guidestar says,

The IRS will begin revoking exemptions on May 16, 2010, but will wait until 2011 to send revocation notices.

If you miss the first filing deadline for 2009 990s of May 15 2010 (the deadline for nonprofits who have calendar year fiscal years that end on December 31) the IRS will start pulling exceptions in six months or so. More about that from the IRS can be found here, including filing thresholds so you know which form to file and dues dates for your returns.

Health Care Tax Credit

In a follow up to my last post on the HIRE act the IRS has a notice on its site with more information about the credit and the out reach they are doing. Keep and eye out for their post card, we got ours this week.

As always, please use the contact form on this site or post any comments questions you might have in the comments section below.