Hickman County Economic & Community Development Association has filed its IRS Form 990 on time, but I wanted to remind all those tax-exempt non-profit organizations out there the importance of timely filing with the IRS. It is our duty under the tax code to annually report that our operations remain eligible for tax exemption.
Tax-exempt organizations, other than churches and church-related organizations, are required to file annual information forms with the IRS. That’s either a Form 990, 990-EZ, 990-PF or the 990-N (e-Postcard). Filing the form is necessary to maintain an organization’s tax-exempt
status. For more information, check out Annual Form 990 Filing Requirements for Tax-Exempt Organizations from the Internal Revenue Service.
The online training at http://www.stayexempt.irs.gov/ provides another helpful resource for tax-exempt non-profit organizations to maintain their status.