Steep Penalties
Tax Update: If you filed Part I of an Exempt Organization Extension Form 8868, your extended deadline of August 15 is coming up soon – next week, to be exact....
Public Charity Test
When you’re filling out a Form 990 or a Form 990-EZ, you’re going to come across Schedule A, which asks if your tax-exempt organization is considered a Public Charity or...
Legal Audits pt. 2
We are back! In the last blog, we discussed legal audits of nonprofits and tax-exempt organizations, and the key areas regarding a standard legal audit. If you’re joining for the...
Legal Audits pt.1
Legal audits usually serve as an overview of your organization’s non-financial compliance, governance, and risk management issues. Tax-exempt organizations generally consider having a legal audit when new management is in...
Non-Profit vs. Tax-Exempt Organizations
In the realm of tax and legal jargon, there’s a phrase you probably heard as many times as we have here in the office, “Non-profits are tax-exempt organizations, but not...
Becoming a Nonprofit or Tax-Exempt Organization
You provide a local service, and your service fulfills an existing need, it attracts support, and produces substantial results. You’ve thought about it and want to take your services to...
Lobby Party
“You gotta fight / for your right / to Lobbbbby!” Well, not so much in this case. While your tax-exempt organization can participate in lobbying activities, but too much lobbying...
Compliant or Not Compliant
Mirror mirror, on the wall, which is the most compliant tax-exempt organization of them all? While many tax-exempt organizations can operate differently from one another, there are still basic guidelines...
Choppin’ Up with the Schedules Part 2
Welcome Back!Last time, we were chopping down the first four schedules that you may need to complete when filing a Form 990-EZ. That blog can be found HERE. So, not...