Tag: irs 990

More Nonprofit Employees Could Now Trigger the Section 4960 Excise Tax: What Tax-Exempt Organizations Need to Know

Section 4960's excise tax on high nonprofit compensation is no longer limited to an organization's top five earners — for taxable years beginning after December 31, 2025, the rules expand to cover a broader group of employees, so nonprofits with multiple staff earning over $1 million should start reviewing their compensation arrangements now.

New Year, New Start: Get Ahead on Your 2025 Form 990 Filing

Starting early on your 2025 Form 990 filing helps nonprofits stay compliant, organized, and confident. This article outlines key preparation steps like gathering financial records, reviewing public support eligibility, and drafting program descriptions, so you can avoid last-minute issues and file accurately before the deadline.