IRS Expands Form 990 E-Filing Options

January 20, 2011

The IRS has decided to make things easier for many small nonprofit organizations.  All nonprofits are required to file a version of the IRS Form 990, which serves as an annual informational return.  Last summer in IRS Extends Deadline for From 990 Filing, I addressed the various forms and indicated that the IRS Form 990-N, which is a simple e-Postcard requiring minimal information, is the easiest version to complete. 

For the 2009 tax reporting, only nonprofits with annual gross receipts less than $25,000 could file the 990-N.  But the IRS has raised this threshold to $50,000 for 2010 tax reporting.  Organizations with gross receipts between $50,000 and $100,000 must still file a 990-EZ while all others must file the regular 990.  Private foundations, who must still file a Form 990-PF, will not be able to take advantage of this change.    

For more information, please see Revenue Procedure 2011-15.