Reminder: IRS Form 990 Due

Each year your PTA should file either Form 990, Form 990-EZ, or Form 990-N, dependent upon your financial circumstances for the tax year (fiscal year) ending June 30. Every PTA must file something with the IRS.

• If your PTA’s average gross receipts are under $50,000, complete IRS Form 990-N (e-postcard).
• If your PTA’s gross receipts are over $50,000 but under $200,000, complete IRS Form 990-EZ.
• If your PTA’s gross receipts are over $200,000, complete IRS Form 990.

The IRS will suspend the status of organizations that have failed to file a 990-series return for three consecutive years; these PTAs will automatically lose their tax-exempt status. Additionally, a PTA that fails to file a required return is subject to an IRS penalty of $20 per day for each day the failure continues.

Note: the deadline of November 15 is a post-marked date.

Forms

IRS forms, Instructions and Schedules can be found on the password protected Leadership Guides page, under Treasurer/Board Finance Resources, IRS information.