Nonprofits Are Not Required to File a Form 990 with the IRS

question 8

True/False

Nonprofits are not required to file a Form 990 with the IRS unless their annual revenues are over $100,000.

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Definitions:

Postconventional Reasoning

A stage of moral development where individuals make decisions based on ethical principles and values that transcend societal laws.

Moral Standards

Principles that dictate what is considered right or wrong behavior in society, often influencing personal and collective decision-making.

Preconventional

A stage in moral development where an individual’s sense of morality is externally controlled, primarily focused on avoiding punishment or seeking rewards.

Conventional

Pertaining to what is generally accepted or practiced; following traditional or widely accepted standards.