Form 990, Return of Organization Exempt from Income Tax, is an annual information return that most state PTAs and many units should be prepared to file with the Internal Revenue Service (IRS) within the next month. Here are a few guidelines regarding Form 990 that PTAs should keep in mind: 

• PTAs with annual receipts of more than $100,000 or total assets of more than $250,000 must file Form 990. 
• PTAs with annual receipts of less than $100,000 but at least $25,000 and total assets of less than $250,000 are required to file Form 990 or Form 990-EZ. 
• The IRS deadline for filing Form 990 or 990-EZ is the 15th day of the fifth month after the end of the organization’s fiscal year. (For example, a PTA with a fiscal year ending June 30 must file by November 15.) 
• The state PTA’s Form 990, along with the state PTA’s audited financials, must be filed with the national PTA office within 30 days of filing with the IRS, in accordance with the Policy for Continuing Affiliation with National  PTA. 

More information about filing Forms 990 and 990-EZ is available on the IRS website and www.pta.org. 10/02/07