{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/16bf8206121940f886d51d82cae49c5c\" frameborder=\"0\" width=\"1280\" height=\"960\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":960,"width":1280,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":960,"thumbnail_width":1280,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/16bf8206121940f886d51d82cae49c5c-e1f5e98d24d86cf6.gif","duration":308.085,"title":"Forms - 990 and 990EZ","description":"Today I’m talking about nonprofit tax return filing for local unions, and why you must file every year to keep your exempt status. If you miss three years in a row, the IRS can revoke it, which is expensive and means you may have to file corporate income tax. Which form you file depends on receipts and assets, with 990-N for under $50,000, 990-EZ for under $200,000 revenue and under $500,000 assets, and the full 990 otherwise. I walk through four categories of information to gather, basic info, financials, program service accomplishments, and leadership or high earning employees. I strongly recommend you connect with a trusted tax preparer to get it filed, but I do not ask you to do anything else."}