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New Annual Electronic Filing Requirement for Small Tax-Exempt Organizations
e-Postcard (Form 990-N)
This means each Pi Omega Pi Chapters must file a 990-N Form each year. It has been determined that since each Pi Omega Chapter is a subchapter and is tax exempt, but has receipts less than $25,000 a year, each Chapter needs to submit Form 990-N. This submission will take place after January 1, but before April 15 of each year. This requirement is a result of the Pension Protection Act of 2006 and is for tax periods beginning after December 31, 2006. If a chapter fails to file, it will lose its tax-exempt status after three warnings.
Form 990-N will answer questions about the 990N form. This form will be available as of January 1 each year. The form will be available in electronic form only.
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