What Is the Maximum Threshold for a Tax-Exempt Organization to File

question 93

Multiple Choice

What is the maximum threshold for a tax-exempt organization to file a form 990-N electronic postcard for tax years after 2011?

• A) A charity with gross receipts less than $25,000.
• B) A charity with gross receipts less than $50,000.
• C) A charity with gross receipts less than $200,000.
• D) A charity with gross receipts less than $500,000.

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Definitions:

Sales Contracts

Legal agreements outlining the terms and conditions of a sale of goods or services, including price, delivery, and warranties.

Breach of Contract

The violation of a contractual obligation by failing to perform one's own promise, by impeding another party's performance, or by inducing another party to breach.

Statute of Frauds

A legal principle requiring certain contracts, such as those for the sale of land, to be in writing to be enforceable.

Verbal Contract

A legal agreement made through spoken words instead of written documentation, though harder to prove.