Electronic filing requirement for large organizations. For tax years ending on or after December 31, 2006, only organizations that file 250 returns during the calendar year and that have total assets of million or more are required to file Form 990 electronically. Section 501(c) organizations are covered in this publication.
The Organization Reference Chart enables you to locate at a glance the section of the Code under which your organization might qualify for exemption.Chapter 4, Other Section 501(c) Organizations, includes separate sections for specific types of organizations described in section 501(c).Chapter 5, Excise Taxes, provides information on when excise taxes may be imposed.It is used by organizations to apply for recognition of exemption under section 501(c)(4). Legislation enacted at the end of 2015 added section 506 to the Internal Revenue Code.Section 506 requires an organization to notify the IRS of its intent to operate as a section 501(c)(4) organization. See IRS Issues Final Regulations Regarding Excise Taxes on Prohibited Tax Shelter Transactions and Related Disclosure Requirement.Check the IRS website, IRS.gov, for the latest updates, Tax Information for Charities & Other Non-Profits, Tax Information for Charities & Other Non-Profits. Use Form 1028, Application for Recognition of Exemption Under Section 521 of the Internal Revenue Code, if your organization is a farmers’ cooperative seeking recognition of exemption under section 521. Some organizations don’t have to use specific application forms.