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Cambridge Massachusetts online Form IRS-990: What You Should Know

The tax-exempt status in Michigan for this organization is granted on the  See Also: The Top 10 Ways to Avoid IRS Audit — IRS. ● In Michigan the form is called the Schedule A. Michigan nonprofits that report the gross receipts and expenses for the tax year in question must file this form with the State of Michigan. ● Schedule A includes a line called “Exemptions for Charities,” indicating whether you are a public charity or non-profit organization exempt under section 501(c)(3). The form also lists what benefits were received by the organization during the tax period, and which charitable organizations were the beneficiaries of those gifts. ● The form also includes a line called “Exemptions for Legal Services.” Legal Services are generally not considered taxable income. ● If the form is not filed, if the organization receives more than a certain number of contributions from individuals on the Form 990, the IRS may begin scrutinizing the organization's activities and income sources and determine eligibility for federal tax exemption. The penalties for failure to comply with the Form 990 can be substantial. The Michigan tax authorities do not generally report the names of the organizations that fail to file the Form 990 for the current year for tax purposes, to avoid the possibility of tax issues arising. ● Generally, there are two main ways to avoid the tax that may result from failing to file a timely Form 990: ● The form is to be filed at the same time as the other required annual reports, i.e. annual tax statement form is to be filed in a single section of the annual statement. ● The form must be filed the same year as the other required annual reports for a period of time, such as the entire tax year. ● The form is to be filed at a time that meets certain criteria, i.e. prior to the due date of the return for the same tax period. ● Failure to file the form may result in a loss of non-refundable penalty and interest. ● The form cannot be ignored. The IRS does not allow the form to be postponed indefinitely. ● The IRS may initiate enforcement action against any organization which fails to disclose on the Form 990 the name of any contributor, including an affiliate. ● There are penalties for failing to file the form.

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