In the business of doing good and helping others, serving your community, and enjoying the tax exempt status that goes along with non-profit work?  Then you best be aware of an important deadline coming up. 

May 15 is the filing deadline for the Form 990 (and since May 15 is a Saturday this year the actual deadline is Monday, May 17).  Form 990 is due from all tax exempt organizations, including churches and other religious organizations, by the 15th of the 5th month after the end of fiscal year. 

 The law was enacted in 2006, making 2009 the third year of the requirement.  If an organization has not filed a form in the last three years, it will automatically lose its tax exempt status, and any income earned between that time and when the status is reenacted will be taxable.  So this year, 2009, is a crucial year to make sure you have filed forms for the past three.

For information, visit The ABCs of Exempt Organizations on the IRS website.

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