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 Sc 990 T Form 2020

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the foundation group we work with upwards of one thousand brand new nonprofits each and every year now these are organizations that are newly incorporating and seeking 501c3 status from the irs and as all of you who have been through this process knows there's a gap period between the time that a non-profit applies for 501c3 status and when the irs finally gets around to granting that status now that gap can take three months six months and maybe even in rare situations a year or more frequently that gap period spans across a tax year leading to the question what do we do about filing form 990 [Music] i'm greg mcrae from foundation group and welcome to 501c3 university form 990 as you probably already know is the annual tax or information return that nonprofits have to file with the irs each year now the requirement is so strict that the irs will revoke 501c3 status for any nonprofit that fails to file form 990 for three consecutive years what some people don't

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