Category: Nonprofits
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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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I Received Error Code F990PF-905-01. What Should I Do? A Tax990 Guide!
Error Code F990PF-905-01 indicates the organization has not been established as a private foundation with the IRS (only private foundations can file Form 990-PF). Received this code? Read on for more information about what it is, why you received it, and what you should do about it. What is Error Code F990-905-01? As mentioned above,…
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The IRS Sent Me a Letter. Now What? A Tax990 Guide!
Receiving a letter from the IRS is not likely anyone’s idea of a nice surprise. Like taking medicine, though, it’s best to deal with it quickly (and on the first try!). While it may be a universally stressful part of anyone’s day, the truth is that there are a variety of reasons the IRS may…
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Maintaining Public Integrity for Nonprofit Organizations: It’s All About Trust
There are few things more valuable than trust. While it isn’t something you can hold in your hands, a lack of trust between your nonprofit and the public can have very real, very tangible consequences. Trust is more than just one singular component, too, with several elements coming together to comprise a nonprofit’s public image.…
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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…
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Tax990’s Guide to the Reviewers and Approvers Feature: Share Your 990 and Get Feedback!
When filing a 990 Series Return on behalf of your organization, it isn’t difficult to imagine scenarios where being able to share the return with others–be they a colleague or board member–would come in handy. With Tax990, you can do just that! Tax990 provides users the ability to share their organizational return prior to transmitting…
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Form 990 Schedule A: What You Need to Know and Quick Guide
In addition to filing a Form 990 or 990-EZ, nonprofit organizations often have to attach what’s known as a Schedule A. While the need to file even more paperwork with the IRS may sound overwhelming, Tax990 is here to help make the process as simple as can be! Here’s everything you need to know about…
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Form 990 Schedule A: What You Need to Know and Quick Guide
In addition to filing a Form 990 or 990-EZ, nonprofit organizations often have to attach what’s known as a Schedule A. While the need to file even more paperwork with the IRS may sound overwhelming, Tax990 is here to help make the process as simple as can be! Here’s everything you need to know about…
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Why Nonprofits Benefit from Building Lasting Relationships with Summer Volunteers
This upcoming weekend is Memorial Day weekend, which means the unofficial start to summer has arrived! There are so many reasons to love summer, the warm weather, the increase in free time, vacations, and the list goes on. Your nonprofit organization probably loves the summer because it brings in a flush of new volunteers excited…
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I Received Error Code F990PF-905-01. What Should I Do? A Tax990 Guide!
Error Code F990PF-905-01 indicates the organization has not been established as a private foundation with the IRS (only private foundations can file Form 990-PF). Received this code? Read on for more information about what it is, why you received it, and what you should do about it. What is Error Code F990-905-01? As mentioned above,…