Blog – Tax990

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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Finishing Up Your Organization’s Form 990: Parts 10-12

When it comes to financial reporting for your organization, the balance sheet plays a pivotal role. It serves as the financial snapshot that showcases your assets and liabilities, ultimately determining...

Posted byadmin
October 19, 2023
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Certain Nonprofits are Required to File IRS Form 990 Returns by October 16th

Many people think that nonprofit organizations don’t have strict IRS reporting requirements because they are tax-exempt. This is a major misconception. Those who operate or work closely with nonprofit organizations...

Posted byadmin
October 12, 2023
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A Deep Dive into Completing IRS Form 990: A Closer Look at Parts 7-9

The IRS Form 990 can be a complex and intimidating tax return. Whether you have recently taken on this responsibility of filing for an organization that you volunteer with or...

Posted byadmin
October 11, 2023
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Breaking Down Nonprofit Tax Form 990: Navigating Parts 4-6

Form 990: it’s a document that strikes fear into the hearts of many nonprofit organizations, but it doesn’t have to be that way. We’re taking apart each scary portion of...

Posted byadmin
October 6, 2023
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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...

Posted byadmin
October 5, 2023
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Filing a 990: How it Can Benefit Your Church (and Your Church’s Donation Box)

Each and every year, thousands of nonprofit organizations file a Form 990–and while IRS regulations mean that all churches (that meet the requirements of 501(c)(3) status) are not required to...

Posted byadmin
October 5, 2023
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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...

Posted byadmin
October 4, 2023
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