2016form990 – Page 2 – ExpressTaxExempt Blog | E-file tax Exempt Organizations for Form 990 series & Form 1120-POL

Posted inin 2016form990
charities

Intangible Religious Benefits from Charitable Contributions

The IRS has rules of recordkeeping and substantiation for donors giving charitable contributions along with disclosure rules for charities receiving those donations. Individuals or groups that donate to exempt organizations...

Posted byExpressTaxExempt
March 16, 2017
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Posted inin 2016form990
charities

How to File a Schedule F for Foreign Activities

Any exempt organization with activities conducted outside the United States need to report information about those international actions on their IRS Form 990. Activities can include grants and other assistance,...

Posted byExpressTaxExempt
March 7, 2017
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501(c)(3)organization

Are Donations to Animal Rescue Shelters Tax Deductible?

Like with many other nonprofits or charities, if you make a donation, you can typically deduct the value of your contribution from your annual tax bill. To do so, the...

Posted byExpressTaxExempt
March 2, 2017
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affiliatedgroups

How to Report Lobbying Expenditures on IRS Form 990/990-EZ

Reporting additional information about political campaign activities or lobbying activities requires exempt organizations to file a Schedule C along with their IRS Form 990 or 990-EZ. 501(c)(3) organizations needing to...

Posted byExpressTaxExempt
February 28, 2017
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Posted inin 2016form990
501(c)(3)organization

Are Public Libraries Considered Nonprofit Organizations?

In general, public libraries do not receive 501(c)(3) exemption status from the IRS; however, tax officials recognize them as a governmental unit under the 501(c)(3) Internal Revenue Code which allows...

Posted byExpressTaxExempt
February 23, 2017
2 Comments

Posted inin 2016form990
charities

Can Religious Organizations Become Tax-Exempt?

In Section 501(c)(3) of the Internal Revenue Code, one of the exempt purposes that is specified is “religious.” Because of constitutional issues, Treasury Regulation doesn’t have a precise definition of...

Posted byExpressTaxExempt
February 9, 2017
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Posted inin 2016form990
501(c)(3)organization

Tax Deductible Contributions to Nonprofit Schools

Taxpayers can claim deductions towards their annual tax bill from donations they make to recognized 501(c)(3) organizations. Qualified 501(c)(3) groups typically include nonprofit schools operating solely for literary and education...

Posted byExpressTaxExempt
February 7, 2017
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Posted inin 2016form990
501(c)(3)organization

How Schools Can Acquire 501(c)(3) Tax-Exempt Status

It’s typical for schools and Parent-Teacher Association (PTA)/Parent-Teacher Organization (PTO) to be recognized as a 501(c)(3) organization and have tax-exempt status. However, there is a common misunderstanding when a school...

Posted byExpressTaxExempt
February 2, 2017
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Posted inin 2016form990
accountablecareorganization

Tax-Exempt Hospitals Must Comply with Section 501(r) Regulations

Section 501(r) regulations provide guidelines on how hospitals retain their tax-exempt status. These requirements were implemented to the Internal Revenue Code by the Patient Protection and Affordable Care Act back...

Posted byExpressTaxExempt
January 31, 2017
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