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Old 08-19-2016, 05:23 PM   #11
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Join Date: Aug 2016
Posts: 3
Default Re: Small nonprofit neighborhood group and IRS filing

Originally Posted by Manny30 View Post
Re the 990 N:

So if we start a local nonprofit softball league this summer/fall, and take a few small contributions totaling under say 1000 dollars, and do NOT file that 990 N this year, there is no penalty is that right?

That seems to be my understanding from here and other info, but I just want to confirm or get your input?

Reviewing all I have learned that seems correct Manny!
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