IRS Deadline Approaching for Small Non-Profit Organizations

Garfield Heights, OH. – Even small non-profit organizations, such as sports clubs, civic organizations and local associations, are required to file a yearly report with the IRS. By law, the IRS will automatically revoke the federal tax-exempt status of organizations that fail to file annual reports for three consecutive years. Churches and church-related organizations are not required to file annual reports unless they have unrelated business taxable income.

Form 990-series information returns and notices are due on the 15th day of the fifth month after an organization’s fiscal year ends. Many organizations use the calendar year as their tax year, making Tuesday, May 15, 2018, the deadline for them to file for 2017. The IRS offers an online search tool called Exempt Organizations Select Check, which helps users more easily find key information about the federal tax status and filings of certain tax-exempt organizations, including whether an organization has had their federal tax exemption automatically revoked.

This article contains general tax information for taxpayers. Each tax situation may be different, so do not rely on this information as your sole source of authority. As a member of the National Association of Tax Professionals, Steven Cook can help your organization ensure the correct annual reports are filed with the IRS or help your organization get its tax-exempt status reinstated. Steven can be reached by calling 216-332-7283 or emailing info@matrix3tax.com

For more information about NATP, visit natptax.com.