Which of the Following Statements Regarding Exempt Organization Filing Requirements

question 38

Multiple Choice

Which of the following statements regarding exempt organization filing requirements is incorrect?

• A)Churches are required to file Form 990 (Return of Organization Exempt from Income Tax)only if its annual gross receipts exceed $25,000.
• B)The due date for Form 990 (Return of Organization Exempt from Income Tax)is the fifteenth day of the fifth month after the end of the taxable year whereas for private foundations the due date for Form 990-PF (Return of Private Foundation)is the fifteenth day of the fourth month after the end of the tax year.
• C)All exempt organizations whose annual gross receipts do not exceed $25,000 do not need to file either Form 990 (Return of Organization Exempt from Income Tax)or Form 990-PF (Return of Private Foundation).
• D)Only a.and b.are incorrect.
• E)a. ,b. ,and c.are incorrect.

---

Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

Negligent Hiring

A legal claim made against an employer for hiring someone who they knew, or should have known, was likely to behave in a dangerous or harmful manner.

Unreasonable Risk

A situation or condition that poses a higher than acceptable likelihood of harm or negative outcome.

Criminal Background

A record of an individual’s history of criminal convictions and offenses.