February is here and love is in the air, but so is the upcoming 990 deadline! Nonprofit organizations are required to file their annual 990 return with the IRS to...
If you work with a tax-exempt organization, you are likely familiar with filing 990 Returns to report the annual activities and finances. However, as January 31st creeps closer and closer,...
It is surprising to discover that nonprofit entities face stringent filing obligations with the IRS, despite their exemption from federal income taxes. Every nonprofit organization falling under Section 501(c)(3) of...
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 organization. An...
‘This the season…to file your 990 series return! Today is the deadline for certain tax-exempt organizations to file their annual 990 series return with the IRS. This blog provides a...
In our last blog, we reviewed in more detail the process of completing Part I, II, and III of the 990-EZ form. In this blog, we will look at completing...
Is your organization classified as a Private Foundation? It’s important to recognize the distinction between a public charity and a private foundation. Let’s delve into why your organization might fall...