Tax 990

Nonprofit Tax Filing Requirements for Labor, Agricultural, and Horticultural Organization

An overview of applying for tax-exempt status, 990 filing requirements, and IRS deadline.

What Should Labor, Agricultural, and Horticultural Organizations Know About Tax Exemption and
Form 990 Filing?

- Updated August 14, 2023 - 2.00 PM - Admin, Tax990

Depending upon the type and the operational purpose of nonprofits, the IRS classifies them under the respective IRC Sections for federal tax exemption purposes.

This article provides complete details about how Labor, Agricultural, and Horticultural Organizations can obtain tax-exempt status, their tax filing requirements, and more.

How Does the IRS Define Labor, Agricultural, and Horticultural Organizations?

According to the IRC Section 501(c)(5),

Labor Organizations are organized and operated by a group of workers with the purpose of furthering their interests by bargaining collectively with their employers to ensure better working conditions, wages, and other similar benefits.

Agricultural and Horticultural Organizations further the interests of persons who are engaged in the following activities,

  • Raising livestock
  • Harvesting crops
  • Aquatic resources
  • Cultivating useful or ornamental plants
  • Other similar activities

How Can Labor, Agricultural, and Horticultural Organizations Apply for Tax Exemption?

To be eligible for obtaining tax-exempt status under the IRC Section 501(c)(5), the Labor, Agricultural, and Horticultural Organizations must meet the following requirements,

The organization’s net earnings should never inure to the benefit of any member.

The organization’s objectives should be the betterment of conditions for those who are engaged in,

  • Pursuits of labor, agriculture, or horticulture
  • Improvement of their products’ grades
  • Development of a higher degree of efficiency in their occupations

The organization’s principal activity shouldn’t involve receiving, holding, investing, disbursing, or otherwise managing funds associated with savings or investment plans.

The participation of the organization in political activities and lobbying activities is limited.

Upon fulfilling these requirements, Labor, Agricultural, and Horticultural Organizations can file Form 1024 – Application for Recognition of Exemption Under Section 501(a) or Section 521 of the Internal Revenue Code.

What are the 990 filing Requirements for Labor, Agricultural, and Horticultural Organizations?

The Labor, Agricultural, and Horticulture organizations that obtained federal tax exemption under the IRC Section 501(c)(5) must file 990 Series Forms every year to meet their annual tax filing requirements.

There are different types of 990 forms available, and organizations should choose the appropriate one.

Form 990-N - Organizations with gross receipts of $50,000 or less.

Form 990-EZ - Organizations with gross receipts less than $200,000 and assets less than $500,000.

Form 990 - Organizations with gross receipts of $200,000 or more (or) assets of $500,000 or more.

Additional Filing Requirements

Based on the details reported on their 990 or 990-EZ forms, the organizations may be required to include certain 990 Schedules.

Also, they may be required to file Form 990-T electronically if their unrelated business income is $1000 or more during the respective tax year.

When is the Form 990 Deadline for Labor, Agricultural, and Horticultural Organizations?

Generally, The deadline to file form 990 is 15th day of the 5th month following the end of the accounting period, followed by the organization.

This means the deadline for organizations that follow the calendar tax year is May 15th.

Operating on a Fiscal Tax Year? Find your 990 due date.

Sometimes, this deadline may fall on a weekend or a holiday. In those cases, the organizations must file their 990 returns by the next business day.

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