IRS Announces New Filing Requirement and Plans for Revised Tax Form in 2009

Internal Revenue Service

Beginning in 2008, small organizations have a new filing requirement. Tax-exempt organizations that normally have annual gross receipts of $25,000 or less and do not have to file Form 990 or 990-EZ now must file a new electronic form—Form 990-N, more commonly known as the e-Postcard. The e-Postcard is due by the 15th day of the fifth month after the close of the organization's tax year. The IRS will revoke the tax-exempt status of any organization that fails to file the e-Postcard for three consecutive years. More information is available online.

Additionally, the IRS plans to release a revised tax form for 2009. An in-depth review of expected changes is available in the Chronicle of Philanthropy.

View a pretty comprehensive compliance guide for charities that was released by IRS in October of 2007.

Click here for more information.