Which of the following statements regarding exempt organization filing requirements is incorrect?
A) Churches are required to file Form 990 (Return of Organization Exempt from Income Tax) only if its annual gross receipts exceed $50,000.
B) The due date for Form 990 (Return of Organization Exempt from Income Tax) is the fifteenth day of the fifth month after the end of the taxable year, whereas for private foundations the due date for Form 990-PF (Return of Private Foundation) is the fifteenth day of the fourth month after the end of the tax year.
C) Exempt organizations whose annual gross receipts do not exceed $50,000 can file an e-Postcard.
D) Only a. and b. are incorrect.
E) a., b., and c. are incorrect.

Question

Quizplus · Accepted Answer

All of the statements are incorrect. Churches are generally exempt from filing Form 990, regardless of their gross receipts. The due date for Form 990 is the fifteenth day of the fifth month after the end of the organization's accounting period, whereas for private foundations it is the fifteenth day of the fifth month after the end of the organization's accounting period. Exempt organizations with annual gross receipts of $50,000 or less are generally not required to file Form 990, but instead can file an e-Postcard (Form 990-N).

Which of the Following Statements Regarding Exempt Organization Filing Requirements