Which of the following statements are correct?
A)If an exempt organization has annual gross receipts of less than $50,000, it files an e-Postcard (Form 990-N).
B)Private foundations must file Form 990-PF (Return of Private Foundation).
C)An exempt organization with less than $250,000 in gross receipts may file a Form 990-EZ.
D)Only a.and b.are correct.
E)a., b., and c.all are correct.

Question

Quizplus · Accepted Answer

All three statements are correct. 
- Exempt organizations with annual gross receipts of less than $50,000 must file Form 990-N (e-Postcard). 
- Private foundations must file Form 990-PF (Return of Private Foundation). 
- Exempt organizations with gross receipts of less than $250,000 may file Form 990-EZ.

Which of the Following Statements Are Correct