When an organization receives tax-exempt status, the IRS determination letter indicates the tax year-end date. This date is the last day of the operating tax year for the
Is the process of filing your organization’s annual Form 990-EZ return far from ‘easy’? Then this blog series is for you! In the next several blogs, we’ll be
The 990-PF form is a lengthy document consisting of 13 pages, and 16 Parts that allow the foundation to provide extensive information to the IRS regarding the
When it comes to financial reporting for your organization, the balance sheet plays a pivotal role. It serves as the financial snapshot that showcases your assets and
The IRS Form 990 can be a complex and intimidating tax return. Whether you have recently taken on this responsibility of filing for an organization that you volunteer
Admin | September 23, 2023 | Reading time: 12 minute(s)
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
Admin | September 19, 2023 | Reading time: 13 minute(s)
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
Admin | September 12, 2023 | Reading time: 8 minute(s)
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
Admin | August 25, 2023 | Reading time: 11 minute(s)
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
Admin | August 21, 2023 | Reading time: 18 minute(s)
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