What is the filing requirement for an association with gross annual income exceeding $25,000?

For an association with gross annual income exceeding $25,000, the correct filing requirement is Form 990. This form is specifically designed for tax-exempt organizations, including charitable organizations, and is required by the IRS to provide information about the entity’s activities, governance, and financials.

Filing Form 990 ensures transparency and compliance with tax laws, allowing the IRS to ensure that these organizations are adhering to regulations pertinent to their tax-exempt status. This form gathers crucial details that help the IRS and the public understand how the organization operates and utilizes its funds, which is essential for maintaining trust and accountability within the nonprofit sector.

The other forms listed serve different purposes: Form 1040 is for individual income tax returns, Form 1065 is used for reporting income for partnerships, and Form 941 is designated for employment taxes. None of these forms are relevant for tax-exempt associations needing to report their financial information to the IRS when their annual income exceeds the specified threshold.