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Old 09-28-2016, 08:46 PM   #1
tono
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Default IRS tax-exempt filing

Can I file with the IRS next year if I have only 3500 dollars
in donations this year?

Your forum seems to say yes and that is what I was also told by a school administrator, but is that right?

Thanks!
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Old 09-28-2016, 11:37 PM   #2
AFFA
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Default Re: IRS tax-exempt filing

I wish to inform you that smaller nonprofits with gross receipts of less than $50,000 may file Form 990-N (e-Postcard).

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Old 12-05-2016, 06:41 AM   #3
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Default Re: IRS tax-exempt filing

I understand if the non-profit is small, you have three years before you have to file some basic forms.
Is that right?

And what if you go our of business in year two. IE if it is just a neighborhood soccer project to raise a little funds for uniforms.
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Old 12-05-2016, 09:32 AM   #4
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Default Re: IRS tax-exempt filing

Hire a tax pro.
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Old 12-05-2016, 10:43 PM   #5
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It is best to file each year, but yes for a very small organization the first filing is technically due in three years. Almost all advisers would tell you to do yearly filings no matter what the amount of revenue of the nonprofit is.
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