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New 990 Thresholds for 2010 Tax Year

December 01, 2010

Do you know which Form 990-series return you are required to file for the 2010 tax year?  The 990 filing thresholds for the year 2010 and later (filed in 2011 and later) will change as follows for all organizations required to file a 990-series return:

  • Organizations with gross receipt normally < $50,000 must file Form 990-N (but may choose to file a complete Form 990 or Form 990-EZ).  In prior years only organizations with gross receipts normally < $25,000 could file the Form 990-N ("e-postcard").
     
  • Organizations with gross receipts > $50,000 and < $200,000 and total assets < $500,000 must file Form 990-EZ or a complete Form 990.
     
  • Organizations with gross receipts > $200,000 or total assets > $500,000 must file
    Form 990.
     
  • Private foundations must file Form 990-PF.
 

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