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Tax Info

Reminder: IRS Form 990 Due
Who Must File?
Each year your PTA should file either Form 990, Form 990-EZ, or Form 990-N, dependent upon your financial circumstances for the tax year (fiscal year) ending June 30. Every PTA must file with the IRS.
  • If your PTA’s average gross receipts are normally $50,000 or less, complete IRS Form 990-N (e-postcard).
  • If your PTA’s gross receipts are over $50,000 but under $200,000, complete IRS Form 990-EZ.
  • If your PTA’s gross receipts are over $200,000, complete IRS Form 990.
The IRS will suspend the status of organizations that have failed to file a 990-series return for three consecutive years; these PTAs will automatically lose their tax-exempt status. Additionally, a PTA that fails to file a required return is subject to an IRS penalty of $20 per day for each day the failure continues.
Late filing or failure to file the 990:
If you do not file your taxes on time, the IRS will send a reminder notice to whomever filed the 990 for your PTA last year. You will not be assessed a penalty for late filing the e-Postcard, however, a PTA that fails to file a 990 for three consecutive years will automatically loose its tax-exempt status. The revocation of the PTA’s tax-exempt status will not take place until the filing due date of the third year.
If you receive a message that the EIN is not recognized, contact Virginia PTA at liaison@vapta.org or by telephone at 804.264.1234
Questions? Contact the Virginia PTA Treasurer, Kathy Harrison at treasurer@vapta.org . The IRS e-Postcard Technical Assistance contact number is 866.255.0654.
Note: the deadline of November 15 is a post-marked date.
You will receive a confirmation notice promptly from the IRS indicating your 990-N was either accepted or rejected. Print the notice and email to liaison@vapta.org in order to meet the ‘Local Unit Good Standing’ criteria. This is also a requirement of your bylaws to submit your annual tax filing notice.
Need assistance or have gross receipts over $100,000?
A resource available to units for free is Form990Online with easy to follow instructions.
They offer:
  • FREE to file Form 990/990-EZ for organizations with less than $100,000 in gross receipts.
  • For organizations with gross receipts greater than $100,000, we have a sliding scale fee structure starting at $38.
  • Fee schedule
  • FREE to file Form 8868 (request for extension).

For more information, visit the IRS website regarding non profit organizations:
https://www.irs.gov/charities-non-profits/annual-filing-and-forms