Blog - Tax990 -

Nonprofit vs. Not-for-Profit vs. For-Profit: What the Difference Means for Your Taxes

“Nonprofit” and “not-for-profit” usually mean the same thing, and neither label decides your taxes. See how for-profits, nonprofits, and tax-exempt organizations differ on federal income tax, donor deductions, and annual returns, and find out which IRS application fits the organization you’re forming.

Posted byPatience Booker
October 26, 2026
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Private Foundation Excise Tax on Net Investment Income: A Form 990-PF Guide

Most tax-exempt organizations never pay federal tax on the money their investments earn. Private foundations are the exception. Every year, a private foundation calculates and pays an excise tax on...

Posted byPatience Booker
October 22, 2026
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Group Exemption Numbers and Form 990: Filing Requirements for Subordinate Organizations

Covered by a central organization’s group exemption? Learn how your group exemption number connects to Form 990 and which annual return your subordinate files.

Posted byPatience Booker
October 21, 2026
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Understanding the 990-N Form: A Guide for Small Nonprofits

This blog post explains the key details of the 990-N form, its filing requirements, and the benefits of using Tax990 for streamlined compliance.

Posted byCharles Hardy
October 20, 2026
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Introducing 990-N Full Service: Our Experts Will File Your Form 990-N for You

Tax990’s new 990-N Full Service lets you file your Form 990-N with one phone call. Our experts prepare it, review it with you and transmit it to the IRS.

Posted byPatience Booker
October 19, 2026
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Choosing a Form 990 E-File Provider: What to Compare Beyond Price

The cost of the wrong Form 990 e-file provider rarely shows up on the invoice. Compare guarantees, support, amendments, and audit protection before you file.

Posted byPatience Booker
October 13, 2026
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Is Your Organization a Public Charity? Why Form 990 Schedule A Matters Under the New Scholarship Tax Credit

Beginning January 1, 2027, donors can claim a federal tax credit of up to $1,700 for gifts to scholarship granting organizations. Only 501(c)(3) public charities qualify. Learn how Form 990 Schedule A shows the IRS your public charity status, and what to review before the credit takes effect.

Posted byPatience Booker
October 7, 2026
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Section 25F Scholarship Tax Credit: What 501(c)(3) Organizations Need to Know Before 2027

The Section 25F scholarship tax credit starts in 2027. Learn what 501(c)(3) organizations need to qualify as an SGO and how to prepare before the first gift.

Posted byPatience Booker
October 5, 2026
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Form 15644, Explained: What Group Exemption Numbers Need to File

Form 15644 is the IRS form central organizations now use for their annual SGRI update. Here's when it's due, what it reports, and what else your group files.

Posted byPatience Booker
September 30, 2026
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Tax990 webinar cover for Stop Wasting the Board's Time with Adam Bratton, on nonprofit board meeting agenda best practices

Nonprofit Board Meeting Agenda Best Practices: Stop Wasting Board Time

Nonprofit board meeting agenda best practices from our webinar: protect the board's time, use committees and consent agendas, and get Form 990 Part VI right.

Posted byCaleb
September 28, 2026
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