Tag: nonprofit accounting period

Tax990 Tips: How to Change the Accounting Method of Your Organization

May 23, 2024

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by

Stephanie

in Quick Guide

Organizations grow and change, and so does their accounting method, just make sure you follow the IRS guidelines!
Changing Your Non-Profit Organization’s Accounting Period: A Complete Guide

Dec 28, 2023

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by

Stephanie

in Form 990, how to, Nonprofits

When an organization receives tax-exempt status, the IRS determination letter indicates the tax year-end date. This date is the last day of the operating tax year for the organization. An organization’s tax year is a 12-month time frame in which the organization operates and reports financial information. An organization can have either a calendar tax…