The deadline to file Form 990 for nonprofits with a fiscal year ending June 30, 2011 is quickly approaching. These returns are due November 15, 2011 but may be extended for an additional 3 months (extending the due date to February 15, 2012) without showing cause by filing Form 8868. The extension must be filed by November 15. An additional 3 month extension (extending the due date to May 15, 2012) may be requested on Form 8868 if the organization can show reasonable cause why the return cannot be filed by the extended due date.
Do you know which type of return you are required to file?
990-N
• Gross receipts normally $50,000 or less
• Must be filed electronically
990-EZ
• Gross receipts less than $200,000 and total assets less than $500,000
990
• Gross receipts $200,000 or more or total assets of $500,000 or more
990-PF
• Private foundations
Most section 509(a)(3) supporting organizations and section 527 (political) organizations are required to file Form 990 or Form 990-EZ. These organizations cannot file 990-N.
If you are required to file one of the above returns and are an Indiana nonprofit, you are most likely also required to file the Indiana state return NP-20, which is also due November 15. The Indiana Department of Revenue recognizes the IRS extension, Form 8868. To extend the state return, forward a copy of the federal extension to the Indiana Department of Revenue by the original due date.
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