Exempt Organization Returns and Penalties
| Form # |
Title |
Who Must File |
| 990 |
Return of Organization Exempt from Income Tax |
All 501(a) organizations except:
- organizations w/GR < $25,000
- organizations filing Form 990-EZ
- churches
- private foundations (file 990-PF)
- subordinates in a group return |
| |
Due Date: See A |
Penalties: See C and D |
| 990 Schedule A |
Organization Exempt Under 501(c)(3) |
All 501(c)(3) organizations required to file Form
990 or Form 990-EZ |
| |
Due Date: See A |
Penalties: See C and D |
| 990-EZ |
Short Form Return of Organization Exempt from
Income Tax |
Simplified form for use by organizations with
gross receipts normally less than $100,000 and
assets under $250,000. |
| |
Due Date: See A |
Penalties: See C and D |
| 990-T |
Exempt Organization Business Income Tax Return |
All 501(c) organizations with gross income of
$1,000 or more from an unrelated business activity,
or with a liability for the proxy tax on lobbying and
and political expenditures. |
| |
Due Date: See A |
Penalties: See E and F |
| 1120-POL |
US Income Tax Return for Certain Political
Organizations |
501(c) organizations with at least $100 of political
expenditures and at least $100 of net investment
income |
| |
Due Date: See B |
Penalties: See E and F |
| 4720 |
Return of Certain Excise Taxes Under Chapters
41 and 42 |
Public charities with excess lobbying expenditures
and/or political expenditures; Disqualified Persons
and Organization Managers liable for Chapter 41 or
42 taxes. |
| |
Due Date: See B |
Penalties: See E and F |
| 990-W |
Estimated Tax on Unrelated Business Income for
Tax Exempt Organizations |
Worksheet for determining the amount and timing
of estimated tax deposits. Should be completed if
projected tax liability is $500 or more. Worksheet
only; DO NOT send to the IRS. |
A - On or before 15th day of 5th month after close
of the tax year
B - On or before 15th day of 3rd month after close
of the tax year
C - $20 per day, not to exceed the lesser of $10,000
or 5% of the gross receipts for the year, imposed
on the organization.
D - $10 per day, up to $5,000, imposed upon
responsible persons if the return is not filed after
written demand by the IRS.
E - Late filing: 5% of the tax due per month, up to
25%
F - Late payment: 0.5% of the tax due per month, up
to 25%
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