A CEO of a nonprofit organization is electronically filing a notice to inform the Internal Revenue Service the organization exists. The CEO is filing a(an):
A) Form 1024
B) e-Postcard.
C) intent to incorporate.
D) common indicator.

Question

Quizplus · Accepted Answer

The CEO is filing an e-Postcard, also known as Form 990-N, which is used by small tax-exempt organizations with gross receipts of $50,000 or less to inform the IRS that they are still operating. Form 1024 is used to apply for tax-exempt status, intent to incorporate is the initial step in forming a corporation, and a common indicator is not a relevant option in this scenario.

A CEO of a Nonprofit Organization Is Electronically Filing a Notice