Blog – Tax990

Nonprofits with a November 15th 990 Deadline Must File Today!

Many people are surprised to find that nonprofit organizations have strict filing requirements with the IRS, despite the fact that they are exempt from federal income taxes. All nonprofit organizations...

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November 15, 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...

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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...

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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...

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November 8, 2023
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Sports Clubs and Tax-Exemption: 501(c)(3) Eligibility and Requirements

In general, when we think of nonprofits, we automatically think of some of the most obvious and prevalent types, for example, a food bank, an animal rescue shelter, or a...

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November 5, 2023
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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...

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October 30, 2023
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Form 990-PF for Private Foundations: Completing Parts 1, 2, 3, and 4

The 990-PF form is a lengthy document consisting of 13 pages, and 16 Parts that allow the foundation to provide extensive information to the IRS regarding the activities and actions...

Posted byadmin
October 27, 2023
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Hospitals and their Tax-Exempt Status: Eligibility and Filing Requirements

t 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...

Posted byadmin
October 24, 2023
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Savvy Tips for Retaining and Accessing Your Nonprofit’s Vital Documents

Keeping meticulous records is not just a best practice; it’s an essential requirement for nonprofits. You never know when you might need to access historical financial data, crucial governing documents,...

Posted byadmin
October 20, 2023
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