Tax Exempt Organizations Must File Return May 15

Tax exempt organizations with a December 31 fiscal year are obligated to file their annual tax return by Tuesday, May 15.

Small tax exempts, i.e., those with annual incomes of less than $50,000, can file a "postcard" 990N.  Instructions for that form can be found at:

http://www.irs.gov/charities/article/0,,id=169250,00.html

Larger tax exempts have to file an IRS form 990 or form 990-EZ.   A form 990-EZ may be filed for those organizations with less than $200,000 annual income and less than $500,000 in assets.

Per the IRS, tax exempt organizations which fail to file a tax return for three years in a row may lose their tax exempt status.

If your organization is not ready to file a 990 or 990-EZ by May 15, you can file an automatic 3-month extension by a simple filing of form 8868 (extension).  Information on this simple to file form can be found at:

http://www.irs.gov/charities/article/0,,id=152723,00.html

The IRS has a one minute video with other helpful information on this topic:



(Note:  If your organization has a fiscal year which is other than a calendar year end 12/31/11, then your annual tax return is due the 15th day of the fifth month after your fiscal year end.)

Share of working moms nearing all-time high, but has it gotten any easier?

What's become clear in the weeks since Democratic strategist Hilary Rosen said Ann Romney "never worked a day in her life" is that the touchy, judgment-passing hostilities of the so-called mommy wars have not ceased to rankle moms of all stripes.

This latest chapter of the mommy wars – which many saw as a smokescreen for more pressing issues affecting working mothers today, such as comparatively low wages and the lack of quality, affordable child care – sees near-record-high shares of mothers in the workforce, some 70.6 percent.

It's been about 40 years since women, freshly liberated by the feminist movement, began entering the workforce in droves. Four decades later, has it gotten any easier?

http://www.csmonitor.com/USA/Society/2012/0511/Share-of-working-moms-nearing-all-time-high-but-has-it-gotten-any-easier