May 15 Looms for Exempt Org Filers

Calendar year exempt organizations (generally Form 990-series filers) must file their 2012 returns (or extension requests) by May 15 – and, importantly, organizations will see their federal tax exemptions automatically revoked if they have not filed their annual information returns for three consecutive years.

Small exempt orgs (average annual receipts of $50,000 or less) may file an electronic notice called a Form 990-N (e-postcard) which asks merely a few basic questions.  Organizations  whose average annual receipts exceed $50,000 must file Form 990 or Form 990-EZ (Form 990-PF in the case of private foundations).

Check out IRS Form 8868 if your organization needs a filing extension by May 15.