A tornado slides across Oklahoma. Image courtesy NSSL/NOAA. Continued vigilance and quick response to tornado watches and warnings are critical, since tornadoes can strike virtually anywhere at any time. Most tornadoes are abrupt at onset, short-lived and often obscured by rain or darkness.
Most nonprofits and charities must keep books and records for a minimum of six years from the end of the last tax year to which they relate. This retention period will be extended if returns are late-filed or if there is a notice of objection or appeal underway.
Informational Tax Returns. The sort of information tax return that tax-exempt nonprofits must file depends on the size of the organization. As of this writing, organizations with gross annual receipts of less than $50,000 are only required to file an e-Postcard (Form 990-N) with very minimal information.he sort of information tax return that tax-exempt nonprofits must file depends on the size of the organization. As of this writing, organizations with gross annual receipts of less than $50,000 are only required to file an e-Postcard (Form 990-N) with very minimal information.