Report Entire Contribution Lists in Minutes!
One of the most tedious tasks when filing Form 990 or a 990-EZ is entering list after list of donor information and their contribution amounts. Many tax-exempt organizations receive hundreds...
Politics and Charitable Nonprofits
Amidst our nation’s current political climate, the National Council of Nonprofits reports that nonpartisanship, an essential principle of charitable nonprofits, has fallen under scrutiny with our country’s leaders in Washington,...
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...
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...
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...
How to Donate Tax Deductible Books to Libraries
One way to reduce the clutter around your office or home is to donate any old books you have to your local library – not only are you giving to...
Tax-Exempt Retention for Hospitals
With the most recent changes in tax-exempt requirements and healthcare reform, nonprofit hospitals are facing several challenges with exemption classification and retention. Experts say that nonprofit hospitals receive about $13...
Reporting Organization’s Program Service Accomplishments
Part III of IRS Form 990 and 990-EZ requires you to report your exempt organization’s program service accomplishments. A program service is typically the major ongoing objective or mission of...
Independent Audits for Financial Statements on Form 990
Within IRS Form 990, there is Part XII for financial statements and reporting. In this section, exempt organizations need to indicate whether their financial statements were compiled, reviewed, or audited by...