Tax Day for Tax-Exempt Organizations (But Not Yet)

April 18, 2011

The due date for filing the required information return for a tax-exempt organization is just around the corner. Returns for the 2010 calendar taxable year are due May 15, 2011 unless an organization files a request for extension. All tax-exempt organizations are required to file an annual return, including those small organizations with less than $25,000 in annual gross receipts. To determine which return an organization is required to file, see 2010 Federal Tax Filing Requirements for Tax-Exempt Organizations.

Tax-exempt organizations that operate one or more hospital facilities and are required to file Form 990 have been granted an automatic extension and should delay filing the 2010 Form 990 until July 1, 2011. For more information on that extension, see IRS Offers Three-Month Filing Extension of Form 990 for Exempt Hospital Entities.

The IRS has made several changes to the 2010 Forms 990 and 990-EZ, accompanying schedules, and instructions. Tax-exempt organizations should review these changes carefully before filing. A summary of the changes is available on the IRS website.

McGuireWoods Nonprofit & Tax-Exempt Organizations Group

Our nonprofit and tax-exempt organizations lawyers provide advice and guidance that enable charities and other nonprofits to operate more efficiently and effectively in today‚Äôs increasingly complicated, regulated and competitive environment.