Author: Gerald
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Filing a 990: How it Can Benefit Your Church (and Your Church’s Donation Box)
Each and every year, thousands of nonprofit organizations file a Form 990–and while IRS regulations mean that all churches (that meet the requirements of 501(c)(3) status) are not required to file a 990, there are a number of reasons that you may consider doing so. The biggest reason, though? It can lead to an increase…
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Form 990 Filing for Schools and Educational Organizations: Important Information and Deadlines
Do Schools and Educational Organizations Need to File a 990? Yes! Even after obtaining tax-exempt status, your School/Educational Organization still must report their financial status, activities, and certain other information to the IRS every year. Depending on their gross receipts, assets, and information reported on the form, there may be additional requirements as well. While…
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Form 990 Filling For Animal Rescue Organizations: A Tax990 Guide
While Animal Rescue Organizations are tax-exempt, there’s still certain information regarding their financial activities that must be reported to the IRS annually. This is done by filling out a Series 990 Form. This article details how animal rescue organizations are defined by the IRS, how they can apply for tax-exempt status, and important annual filing…
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What is Form 990’s Schedule B? How Do I File? A Tax990 Guide!
Organizations filing Form 990, 990-EZ, or 990-PF may also be required to attach Form 990 Schedule B to their forms, depending on the information they reported (in accordance with IRS regulations). Looking for more info on what exactly Schedule B is, and how to go about completing it? Read on for more information! First Things…
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The September 15th Deadline is Here – Who Needs to File by Tomorrow?
Attention all tax-exempt nonprofit organizations with fiscal years ending April 30th – your Form 990 deadline is tomorrow, September 15th! If you need to file your 990 return, don’t worry–Tax990 is here to help your organization file on time, avoid penalties, and remain compliant with the IRS. Need a refresher on what’s needed to file,…
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Let Tax990 Show You How to Complete Form 990-PF’s Balance Sheet!
First Things First – What is Form 990-PF and Who Needs to File it? Form 990-PF is used by private foundations to report their revenue, expenses, direct charitable activities, capital gains, losses, officer details, distributable amount, qualifying distributions, and income-producing activities annually to the IRS. Additionally, it helps private foundations calculate taxes based on investment…
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501(c)(3) Organizations & 990 Filing: A Guide to Exemption/Filing Requirements
An organization having tax-exempt status means that the net profits of the organization are exempt from federal taxes. While certain states allow state-level exemption, this status is primarily granted by the IRS. If your organization is new, you may not have obtained tax-exempt status yet and will need to do so. This blog will give…
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So You Got an Error Code: Why and What to Do! A Tax990 Guide
Getting an error is–let’s face it–annoying. This is especially true when the codes are long strings of numbers that don’t seem to clearly indicate what the actual problem is. As with everything, however, knowing is half the battle–and with Tax990’s handy guide on your side, you’ll have all the info you need to combat any…
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How-To: A Tax990 Guide to Form 990-T’s Schedule A
Form 990-T is filed by tax-exempt organizations to report their Unrelated Business Taxable Income (UBTI)–$1000 or more–to the IRS. Organizations that file Form 990-T should include Schedule A with their main form. This article is an overview of what tax-exempt organizations need to know about filing Form 990-T’s Schedule A and if it applies to…
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Form 990: What You Need to Know About Filing for Your Nonprofit
**Editor’s Note**: This article originally appeared on Blackbaud’s “Engage” blog at https://blog.blackbaud.com/form-990-what-you-need-to-know-about-filing-for-your-nonprofit/. It is being republished with permission. It may feel like very few things involving the IRS are straightforward. But when it comes to nonprofit tax exemption, staying compliant with IRS regulation can be–all because of the Form 990 Series. The Form 990 Series…