Form 990-EZ is the short form return that many nonprofits must file with the IRS each year.
Form 990-EZ Requirements
To qualify to file Form 990-EZ, a nonprofit must meet the following criteria:
Your exempt organization may file Form 990-EZ if:
- Your gross income of less than 50,000. You may also use form form 990N or form 990.
- Your gross income of less than $200,000. You may also file form 990.
- The organization's total assets at hand must be less than $500,000.
That means that if your organization’s assets were more than $500,000 or your gross income was over $200,000, your organization will not qualify to file Form 990-EZ.
Form 990-EZ Due Date
The 990-EZ is due 4.5 months after an organization’s fiscal year end. This due date can be extended an additional 6 months by filing Form 8868 by the original due date of the return. Qualified organizations can either file IRS Form 990-EZ by mail or file electronically, however, per the Taxpayer First Act Law (H.R. 3151) , they will be required to transition to electronic filing only.