Organizations that meet the requirements of Internal Revenue Code section 501(a) are exempt from federal income taxation. In addition, charitable contributions made to some section 501(a) organizations by individuals and corporations are deductible under Code section 170.
This webpage provides information about points of intersection between organizations and the IRS. The content includes explanatory information, and links to forms that an organization may need to file with the IRS.
(Please see our Legal Notices page for disclaimers).
Who Must File Most organizations exempt from income tax under section 501(a) must file an annual information return (Form 990 or Form 990-EZ) or an annual electronic notice (Form 990-N), depending upon the organization’s gross receipts and total assets.
For 2008, Form 990 must be filed by an organization exempt income tax under section 501(a) (including an organization that has not applied for recognition of exemption) if it has either (1) gross receipts greater than or equal to $1,000,000 or
(2) total assets greater than or equal to $2,500,000 at the end of the tax year. This includes: • Organizations described in section 501(c)(3) (other than private foundations), and
• Organizations described in other 501(c) subsections (other than black lung benefit trusts).
To see the new form 990 for 2008 and/or the instructions for the form Click Here. If you have any questions contact our office.
Life Cycle of an Exempt Organization - for information about the requirements of Internal Revenue Code section 501(a) Click Here.
Exempt Organizations Update
EO Update is a periodic newsletter with information for tax-exempt organizations and tax practitioners - attorneys, accountants, and others - who represent them, from Exempt Organizations (Tax-Exempt and Government Entities) at the IRS.
Published Guidance - to view a list of publications, compiled by the Internal Revenue Service, to assist Exempt Organizations with complying with procedures implimented by the IRS, Click Here.