“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.
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...
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.
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.
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.
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.
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.
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.