[haiku-inc] Re: Tax Exempt Status
- From: Matt Madia <mattmadia@xxxxxxxxx>
- To: haiku-inc@xxxxxxxxxxxxx
- Date: Wed, 12 May 2010 10:24:09 -0400
On Wed, May 12, 2010 at 08:21, William A. Lawson
<william.a.lawson@xxxxxxxxx> wrote:
> I heard a a story on the radio this morning [1] about non-profits
> needing to file a new(ish) tax form to maintain their tax exempt
> status. Does this affect us? If so, are we okay?
In short: Yes, I filed the 990-N for 2009 [1]
Earlier in the year, I noticed the 990-N E-postcard requirement.
Basically, the 990-N or equivalent needs to be filed every year before
May 15th. If for some reason we fail to file it for 3 consecutive
years, game over ; we lose our 501(c)(3) status.
As long as we raise less than $25,000/year, that 990-N form can be
submitted online. If we raise more than that,(which i hope happens
sooner than later) a different and more complicated form needs to be
filed.
Thanks for checking though!
--mmadia
1:
http://www.irs.gov/app/ePostcard/displayEPostcard.do?dispatchMethod=displayInfo&ePostcardId=681150&ein=200105056&ein1=&resultsPerPage=10&isDescending=false&indexOfFirstRow=0&dispatchMethod=search&country=US&nameSearchTypeStarts=false&names=haiku
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