Category: E-file
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Understanding and Resolving IRS E-file Error Code F990PF-905-01
Here’s what you need to know and the steps to resolve this error effectively.
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Navigating IRS Form 990 Filing for Nonprofits: A Guide
Nonprofit organizations juggle many responsibilities to ensure smooth operations and financial health. Filing IRS Form 990 is a critical part of this, as it ensures compliance with IRS regulations. When it comes to filing the 990 series return or understanding IRS processes, Tax990 is here to assist you every step of the way. While you…
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Understanding California Nonprofit Requirements – A Quick Guide
Creating and operating a nonprofit organization is a challenging feat. So much work goes into establishing and maintaining the organization’s good standing with the IRS and in many cases, their state. This blog will focus on the specific reporting requirements for the State of California. In addition to completing and filing their 990 Series Return…
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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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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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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…
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So You Owe the IRS Money? How-to Pay and Avoid Further Penalties
Receiving a letter can be a wonderfully personal, nostalgic experience…unless, of course, that letter happens to be from the IRS. If your organization receives a letter from the IRS saying that your organization owes money, it can seem scary and overwhelming! You’ll want to take care of the issue as soon as possible to avoid…