Enrolled Agent Exam [Part 2] 88, Form 990 Filing Requirements

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key filing thresholds for Form 990 are gross receipts of $200,000 or more, OR total assets of $500,000 or more. - Organizations with gross receipts under $200,000 AND assets under $500,000 may be eligible to file the simplified Form 990-EZ. - Private foundations must always file Form 990-PF, regardless of their income or asset levels. - The filing deadline for the Form 990 series is the 15th day of the 5th month after the end of the organization's tax year. - The Form 990 is an informational return for transparency, not a return for paying taxes, and failure to file for three consecutive years results in automatic revocation of tax-exempt status. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep