Video: Filing Returns for Tax-Exempt Organizations

In this lesson, Nick Palazzolo, CPA, dives into the essentials of filing returns for tax-exempt organizations. Navigate through the nuances of due dates, understanding the differences between various forms like the 990 and the 990-EZ, and the thresholds that determine which form an organization should file. Nick demystifies the specifics of who must file, such as churches and government-affiliated organizations, and the exceptions to the rule. He gives a heads up on the harsh reality of penalties for non-compliance and the importance of adhering to the filing deadlines to maintain tax-exempt status. With Nick’s clear explanations, grasp the critical facts needed to stay compliant and avoid the common pitfalls that could lead to tax troubles for tax-exempt entities.