New IRS annual notice requirement.

• Position: IRS News - Internal Revenue Service - Brief article

The IRS began mailing educational letters in July to more than 650,000 small, tax-exempt organizations that may be required to submit a new annual notice, Form 990-N, "Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ."

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Tax-exempt organizations with gross receipts of $25,000 or less were previously not required to submit information returns.

Any organization that fails to meet its annual reporting requirement for three consecutive...