Although nonprofits are tax-exempt, they must still meet IRS reporting requirements, and this brief guide explains when to collect a W-9, common mistakes to avoid, and how to stay compliant.
The IRS has announced a significant filing extension for certain Form 990 filers, moving the deadline to February 2, 2026, for tax-exempt organizations impacted by recent natural disasters. This relief applies to nonprofits that were already operating under a valid extension for their 2024 returns and are located in designated disaster-affected states and counties. For eligible organizations, the added time can ease compliance pressures while they focus on recovery efforts without risking penalties or their tax-exempt status.
Boosting donor levels, even slightly, can dramatically increase year-end fundraising. Targeted asks that appeal to purpose and belonging inspire bigger gifts. Segmenting donors and focusing on stewardship helps grow both revenue and long-term loyalty.
Form 990 is more than a tax form; it's a public-facing report. Since sites like Guidestar and the IRS share your filing, use it as a PR tool to highlight your nonprofit's financial transparency, governance, and impact.
With just 4 days left before the November 15th deadline, let’s delve deeper into what a private foundation is, its filing requirements, and how Tax990 simplifies them.
Individuals and businesses affected by the recent natural disasters in Florida and Alaska have an extended deadline to file federal tax returns and make tax payments. Learn more.