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) All exempt organizations whose annual gross receipts do not exceed $50,000 can file Form 990-N (the "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 actually excluded from filing Form 990, the due date for Form 990 is the fifteenth day of the fifth month for most exempt organizations but not all, and Form 990-N can only be filed by organizations with gross receipts not exceeding $50,000 (not all exempt organizations).

Which of the Following Statements Regarding Exempt Organization Filing Requirements