VFW of North Carolina

Many Posts are Late Filing Their IRS Forms 990, 990EZ, 990N, Etc

Posted at 10:23 AM on Monday, December 7, 2009 by State Blogmaster

IF YOUR POST HAS NOT FILED THEIR IRS FORMS 990, 990EZ, 990N, ETC BY NOW, THE IRS CAN AND WILL FINE THE POST. 

The following information was received from the Internal Revenue Service concerning non-profit organizations that file the IRS Forms 990 and 990EZ.

“Form 990, the annual information return filed by most tax-exempt organizations, has been significantly revised. Organizations filing the 2008 form 990 must use the new form; do not use previous year forms.

The IRS is giving smaller organizations time to adapt to the new form by allowing them to file Form 990-EZ instead of Form 990. For 2008 returns, this applies to organizations with gross receipts greater that $25,000 but less than $1 million and assets less than $2.5 million.”

For IRS forms, go to:  www.irs.gov and select the More Forms and Publications option and follow the directions for accessing forms, instructions, and other tax products.

Posts with gross receipts less than $25,000 may file a 990n electronically. Posts that are unable to file the 990n may have the Department file their 990n for them. Contact the Department QM/Adjutant for more information at qm@nc.vfwwebmail.com  or by telephone at 919-828-5058.

RULE OF THUMB: Posts have 5 months and 15 days from their annual close-out to have their 990s on file with the IRS. (i.e. Post Annual Close out is 31 December, the IRS must have the 990 in their hands by May 15th.)