Nonprofits – Page 3 – Blog

Year-end Tax-Filing Deadlines on January 31st that May Impact Your Nonprofit

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,...

Posted byadmin
January 26, 2024
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Nonprofits with a January 16th 990 Deadline Must File by Midnight

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...

Posted byadmin
January 16, 2024
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Changing Your Non-Profit Organization’s Accounting Period: A Complete Guide

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...

Posted byadmin
December 28, 2023
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Today is the December 990 Series Return Deadline for Certain Nonprofits!

‘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...

Posted byadmin
December 15, 2023
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Completing Your Organization’s Form 990-EZ: Parts IV, V, and VI

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...

Posted byadmin
December 12, 2023
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IRS Classifications and Tax Filing Requirements for Private Foundations

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...

Posted byadmin
November 21, 2023
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The IRS Released a Draft of Form 8868: What’s New?

The IRS recently released a new draft of the IRS Tax Extension Form 8868 that includes some notable changes. This form is used by tax-exempt organizations when requesting an extension...

Posted byadmin
November 13, 2023
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Navigating the Final Sections of IRS Form 990-PF: Parts 13, 14, 15, 16

Congrats, you’ve made it to the home stretch! Today we are going to power through the final Parts of the 990-PF Form and talk about Parts 13-16 Not quite there...

Posted byadmin
November 9, 2023
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Almost There: A Guide to Completing Form 990-PF Parts 9-12

Good news, we are halfway there, Now that we’ve made it through Parts I-VIII! Let’s dig into Parts IX-XII! Need a recap? No, problem! Form 990-PF is a 990 Series...

Posted byadmin
November 8, 2023
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