Tax Compliance for Nonprofits: 990 Filing Rules

Nonprofits and 501(c)(3) organizations must file Form 990 annually to maintain tax-exempt status. If a nonprofit fails to file for three consecutive years, it will lose its exemption. The IRS provides tools to check compliance, so verify your standing today. Don’t risk losing your status—file on time! Need guidance? Call Dr. Friday. Transcript: G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment. If you work for a 501(c)(3) nonprofit, make sure you’re in compliance! The IRS requires nonprofits to file Form 990 every year. If you fail to file for three consecutive years, your organization will lose its tax-exempt status. You can check your standing on the IRS website by searching for your organization’s name under Tax Exempt Status. If you’re not listed or marked as non-compliant, you may need to take action. Need help? Call me today. You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7 WTN.