IRS Sets New Filing Thresholds For Form 990

Mark Hrywna, from the NonProfit Times, reports that the IRS will phase in a new filing threshold that will permit nonprofits with gross receipts between $25,000 and $1 million, and total assets below $2.5 million, to file a revised Form 990 EZ in 2008.

"By 2010, nonprofits with gross receipts between $50,000 and $200,000 in gross receipts, and less than $500,000 in total assets, will be permitted to file a Form 990 EZ."

Read more of this 01.09.08 article from The NonProfit Times.