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2022 revision of Form 990. Form 990 (officially, the "Return of Organization Exempt From Income Tax" [1]) is a United States Internal Revenue Service (IRS) form that provides the public with information about a nonprofit organization. [2] It is also used by government agencies to prevent organizations from abusing their tax-exempt status. [3]
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The key to successful submission management involves tracking each submission as well as all its versions and sub-parts that may be related to it or dependent on it. In addition to planning and tracking submission content, it is also important to manage and allocate resources effectively based on workload, skill sets and availability.
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Submission management systems can be web-based system operating in a browser environment, a COTS based product, or may also be in the form of a desktop application. Submissions are completed electronically creating an efficient real-time process that saves time for both the submitter and recipient.
New IRS Form 990 [14] Instructions for Form 990 and Form 990-EZ [15] Due 15th of 5th month after fiscal year, with up to 6 months of extensions. [16] Late penalty for political organizations is $20–$100/day (not clear for other nonprofits), [17] and penalty for failure to provide to the public is $20 per day. [18]
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