Thursday, May 7, 2015

IRS Issues Reminder for Tax-Exempts About May Deadline

Accounting Today announced on May 7th that the IRS had sent out a reminder on May 6th to tax exempt organizations. This reminder informs tax-exempt organizations that filing 990-series information returns must be done by May 15th.  By sending out the reminder they also had hoped to also caution organizations about unneeded personal information and against using Social Security numbers. Instead they’re asking organizations to e-file.


The IRS is urging organizations to e-file to help with the reduction of inadvertently including Social Security Numbers and other unneeded personal information.


If tax-exempt organizations fail to file annual reports for three consecutive years their federal exemptions are then revoked on the due date of the third filing.


Have questions? Contact Nonprofit Director Brandon Miller at (216) 831-1200.

This update is published periodically by HW&Co;. as an information service to our clients, business associates and friends. It is general information and professional advice should be obtained before acting on any comments contained in this document.