Which 990 to File

As part of the information included in the instructions for the 2008 Form 990, the IRS provided transitional rules for smaller not-for-profit organizations. These organizations may file Form 990EZ if both gross receipts and assets fall within certain parameters.

For the 2008 filing year, a Form 990 EZ may be filed if gross receipts are greater than $25,000 and less than $1,000,000, and assets are less than $2,500,000.

For the 2009 filing year, the limits change so that organizations with gross receipts greater than $25,000 and less than $500,000 and assets less than $1,250,000 may file the Form 990EZ.

And for filing years 2010 and later, the gross receipts should exceed $50,000, but be less than $200,000, with assets less than $500,000.

A copy of the 2008 Form 990 EZ can be found on the IRS website.