Tax-Exempt Organizations Must File Now!


         The filing deadline for many tax-exempt organizations is coming soon. They normally need to file Informational Returns of the 15th day of the 5th month after their accounting period has finished. For those who operate their fiscal year on the calendar year, the time for them to file is May 15.

          This year the Internal Revenue Service (IRS) want to make sure that filers know what is and is not required. By law, most parts of these forms must be made available to the public. These organizations are strongly cautioned against using Social Security Numbers or any other personally identifying information on these forms, schedules, or attachments. Doing so will prevent their donors, clients, or benefactors from having their identities compromised.

          There are a wide variety of Forms 990 that are used for tax-exempt organizations. Not every form applies to every organization. Whether large or small, it is the course of wisdom to consult a Qualified Tax Professional to determine how to file correctly, and to make sure you file on time.

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