Category: Quick Guide
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Understanding the 990-N Form: A Guide for Small Nonprofits
This blog post explains the key details of the 990-N form, its filing requirements, and the benefits of using Tax990 for streamlined compliance.
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Tax990 Tips: How to Change the Accounting Method of Your Organization
Organizations grow and change, and so does their accounting method, just make sure you follow the IRS guidelines!
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Understanding the 990-T Form: Navigating Unrelated Business Income Reporting
The Form 990-T plays a crucial role in the financial reporting landscape, providing organizations with a means to calculate and disclose their unrelated business income to the IRS. In essence, it’s the document that separates income generated from activities unrelated to the organization’s primary mission. Here’s a comprehensive guide to unravel the nuances of the…
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Completing the Correct 990 Return for Your Nonprofit Organization: Tax Filing Basics
Filing your organization’s tax return can be a once-a-year task that’s easy to overlook. To help you navigate the complexities of the 990 series returns, we’ve put together a guide outlining the filing requirements and the different forms available. Understanding the Basics The form you choose depends on your organization’s financial activity, which may vary…
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Reporting Program Accomplishments: A Hidden Opportunity for Storytelling
In the world of organizational management, where annual reporting is often viewed as a mere compliance necessity, lies an overlooked opportunity – the chance to tell your organization’s story through the lens of program accomplishments. Beyond the stringent requirements of the annual 990 series return, there’s a hidden potential to weave a narrative that not…
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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 yet? No worries, get caught up with this blog about Parts I-IV, this blog on parts V-VIII, and this blog on Parts IX-XII! Part XIII…
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Navigating 990-PF: A Step-by-Step Guide for Parts 5-8
Congratulations on successfully completing Parts 1-4 of your Form 990-PF! Not quite there yet? Be sure to read the first blog in our 990-PF series here. Now, let’s dive into the next section, which covers Parts 5 to 8. We understand that this can seem overwhelming, but fear not – we’re here to help you…
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Hospitals and their Tax-Exempt Status: Eligibility and Filing Requirements
It is a common misconception that the nonprofit sector is always cut and dry. There are many types of organizations that can be considered a nonprofit or a for-profit depending on their programs, services, and structure. This is especially true when it comes to hospitals. While many are run with a for-profit business structure, many…
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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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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…