What is the maximum threshold for a tax-exempt organization to file a form 990-EZ?
A) A charity with gross receipts less than $50,000 and assets less than $250,000
B) A charity with gross receipts less than $200,000 and assets less than $500,000
C) A charity with gross receipts less than $500,000 and assets less than $1 million
D) A charity with gross receipts less than $500,000 and assets less than $5million.

Question

Quizplus · Accepted Answer

Form 990EZ is shorter than Form 990 and is available to tax-exempt not-for-profit s with annual gross receipts under $200,000 and total assets of less than $500,000.

What Is the Maximum Threshold for a Tax-Exempt Organization to File