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Filing threshold raised for nonprofit organizations

Tax-exempt organizations are required to file annual reports with the IRS. Those with gross receipts below a certain threshold amount can file an E-postcard rather than a longer version of Form 990. The IRS has just raised that threshold amount to $50,000, an increase over the previous filing threshold of $25,000.

 The deadline for nonprofit filings is the 15th day of the fifth month after the organization’s year-end. For calendar-year organizations, the filing deadline for 2010 reports is May 16, 2011.

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