tax-exempt status - Blog

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.

Posted byPatience Booker
July 9, 2026
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Donor-Advised Funds and Form 990: What Recipient Nonprofits Need to Know

Donor-advised funds now move billions to nonprofits each year, but the grant technically comes from the sponsoring organization, not the individual donor who recommended it. That distinction shapes everything from Schedule B reporting to your public support test, making it essential to get right on Form 990.

Posted byPatience Booker
July 6, 2026
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How to Apply for an EIN: A Guide to Nonprofits

Every nonprofit needs an Employer Identification Number, the nine-digit IRS identifier that functions like a Social Security number for your organization and underpins nearly every operational step that follows. Here's what an EIN is, why it matters, and how to apply for one.

Posted byPatience Booker
June 24, 2026
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How Nonprofits Should Prepare Their First Form 990

Filing your first Form 990 doesn't have to be overwhelming — with the right preparation, it's manageable, and Tax990 is built to guide you through every step. From choosing the correct form type to writing clear program descriptions, this guide covers what new nonprofits need to know to file accurately and on time.

Posted byPatience Booker
June 22, 2026
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Peer-to-Peer Fundraising for Nonprofits: Setup, Tools, and What Actually Works

If your nonprofit is ready to grow its donor base without stretching your team thin, peer-to-peer fundraising might be your most underutilized tool. It turns your existing supporters into fundraisers — expanding your reach, attracting new donors, and deepening engagement all at once.

Posted byPatience Booker
June 15, 2026
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Can You Switch from Form 990-N to 990-EZ? What Nonprofits Need to Know

Everything you need to know about making the switch to Form 990-EZ, including when it's required, when it's strategic, and what to do if you've already filed the wrong form.

Posted byPatience Booker
June 10, 2026
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Understanding Net Assets in Form 990-EZ: What Nonprofits Get Wrong

Small nonprofits filing Form 990-EZ make the same net asset mistakes year after year and they're costly. Here's what goes wrong and how to fix it before you file.

Posted byPatience Booker
June 8, 2026
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Can a Veteran Organization Be Tax-Exempt? IRS Requirements Explained

Understanding whether your organization qualifies under 501(c)(19), 501(c)(3), or 501(c)(4) can make the difference in how you fundraise, advocate, and serve your mission.

Posted byPatience Booker
June 4, 2026
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Tax990 is Heading to the AICPA Not-for-Profit Conference! Come Find Us

If you’ll be at the conference, stop by and say hello. We’re happy to walk through a demo, answer any questions, or just talk about what’s changing in the nonprofit compliance space.

Posted byPatience Booker
June 2, 2026
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