990 filing thresholds for 2010 tax years

Cutoff for filing that new, long 990 is dropping in 2010.  If your fiscal year ends December 31, 2010 or later, here is the rundown on what forms you will have to file:

Income under $50,000 – 990-N – called the e-Postcard, this must be filed electronically. Good news is the extreme simplicity of the form.

Income under $200,000 AND assets under $500,000 – 990-EZ – much simpler than the long form

Income over $200,000 OR total assets over $500,000 – 990 – the long form.  Time to jump in and learn how to get it filled out.

More info at the IRS website.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: