Form 990 Redesign for Tax Year 2008 (Filed in 2009): Effective Date of Redesigned Form |
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When will the new form be effective?
The new form will be effective for 2008 tax year returns filed beginning in 2009 (the 2008 calendar year or fiscal year beginning in 2008). However, special transition rules apply for 2008 and 2009. Most organizations with gross receipts less than $1,000,000 and total assets less than $2,500,000 may choose to file the new Form 990 or a Form 990-EZ for the 2008 tax year. Similarly, most organizations with gross receipts less than $500,000 and total assets less than $1,250,000 may choose to file the new Form 990 or a Form 990-EZ for the 2009 tax year. Beginning with the 2010 tax year, the Form 990-EZ thresholds will be permanently set at $200,000 gross receipts and $500,000 total assets. In addition, special transition rules are available for organizations that must file the form’s new hospital and tax-exempt bond schedules.
Additional information
Table - Form 990 Series - Filing Phase-In
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Page Last Reviewed or Updated: January 07, 2009