While non-profits are exempt from paying federal income taxes under 501(c) status, they still have to file an annual informational return with the IRS to maintain their tax-exempt status. This filing helps ensure accountability and transparency in how funds are managed and spent. Failure to file required forms such as the Form 990, 990-EZ, or 990-N for three consecutive years can res... https://cpaclinics.com/nonprofit-tax-returns/