Blog – Tax990 – Page 10

Let Tax990 Show You How to Complete Form 990-PF’s Balance Sheet!

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 activities, capital...

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September 12, 2023
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501(c)(3) Organizations & 990 Filing: A Guide to Exemption/Filing Requirements

An organization having tax-exempt status means that the net profits of the organization are exempt from federal taxes. While certain states allow state-level exemption, this status is primarily granted by...

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September 7, 2023
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So You Got an Error Code: Why and What to Do! A Tax990 Guide

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 is. As...

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August 25, 2023
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How-To: A Tax990 Guide to Form 990-T’s Schedule A

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 A with their...

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August 21, 2023
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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....

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August 16, 2023
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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...

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August 11, 2023
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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...

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August 10, 2023
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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...

Posted byadmin
August 4, 2023
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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...

Posted byadmin
August 1, 2023
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