What is the maximum threshold for a tax-exempt organization to file a form 990-EZ?
A) A charity with gross receipts of

Question

What is the maximum threshold for a tax-exempt organization to file a form 990-EZ?
A) A charity with gross receipts of < $25,000.
B) A charity with gross receipts of < $50,000.
C) A charity with gross receipts of < $500,000.
D) A charity with gross receipts of < $500,000 and total assets of < 2.5 $million.

Quizplus · Accepted Answer

A tax-exempt organization can file form 990-EZ if their gross receipts are less than $500,000 and total assets are less than $2.5 million. Therefore, choice D is the correct answer.  The other options are incorrect as they either have a lower threshold for gross receipts or do not consider the organization's total assets.

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