Tuesday, January 08, 2008

The NonProfit Times - The Leading Business Publication For Nonprofit Management

The NonProfit Times - The Leading Business Publication For Nonprofit Management: "January 8, 2008

IRS Sets New Filing Thresholds For Form 990

By Mark Hrywna
The Internal Revenue Service (IRS) will phase in a new filing threshold that will permit nonprofits with gross receipts between $25,000 and $1 million, and total assets below $2.5 million, to file a revised Form 990 EZ in 2008.

By 2010, nonprofits with gross receipts between $50,000 and $200,000 in gross receipts, and less than $500,000 in total assets, will be permitted to file a Form 990 EZ."

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