The new Form 990 series returns will be effective for 2008 tax years (returns filed beginning in 2009). To allow organizations time to adjust to the new forms, the IRS is phasing in the new returns during a three-year transition period. During the transition, an organization’s annual filing requirement will depend on its financial activity. The charts below indicate annual exempt organization filing requirements during the transition period.
2007 Tax Year
(Filed in 2008 or 2009)
Form to
File
2007 Tax Year
(Filed in 2008 or 2009)
|
Form to
File |
| Gross receipts normally ≤ $25,000 |
990-N |
Gross receipts > $25,000 and < $100,000, and
Total assets < $250,000 |
990-EZ
or 990 |
Gross receipts ≥ $100,000, and/or
Total assets ≥ $250,000 |
990 |
2008 Tax Year
(Filed in 2009 or 2010) |
Form to File |
| Gross receipts normally ≤ $25,000 |
990-N |
| Gross receipts > $25,000 and < $ 1 million, and Total assets < $2.5 million |
990-EZ
or 990 |
Gross receipts ≥ $1 million, and/or
Total assets ≥ $2.5 million |
990 |
2009 Tax Year
(Filed in 2010 or 2011) |
Form to
File |
| Gross receipts normally ≤ $25,000 |
990-N |
Gross receipts > $25,000 and < $500,000, and
Total assets < $1.25 million |
990-EZ
or 990 |
Gross receipts ≥ $500,000, and/or
Total assets ≥ $1.25 million |
990 |
2010 Tax Year and later
(Filed in 2011 and later) |
Form to
File |
| Gross receipts normally ≤$50,000 |
990-N |
Gross receipts > $50,000 and < $200,000, and
Total assets < $500,000 |
990-EZ
or 990 |
Gross receipts ≥ $200,000, and/or
Total assets ≥ $500,000 |
990 |
For all years above, sponsoring organizations of donor-advised funds and controlling organizations described in section 512(b)(13) must file Form 990 regardless of the amount of their gross receipts or assets.
Updated: August 5, 2008 |
