Requirements for a Properly Completed IRS 990 Form
Every tax-exempt organization required to file IRS Form 990 or Form 990-EZ must complete Parts I through XII along with a Schedule O and any other schedules applicable to your...
Reporting Unrelated Business Income
For some exempt organizations, generating sufficient funds sometimes requires going beyond traditional fundraisers and generous contributions. Tax-exempt groups are eligible to participate in trades and businesses with no correlation with...
Tips on Reporting Other IRS Filings and Tax Compliance
Within IRS 990 and 990-EZ forms, there is a section where tax-exempt organizations can report specific types of other IRS filings and tax compliance information. Not every question from this...
5 Reasons for an IRS 990 Form Rejection
As easy as it is to submit a 990 form to the IRS electronically, there are instances when your form can get rejected. At that point, it’s up to you...
Tips on Completing Balance Sheets for Exempt Groups
When filing Form 990 or 990-EZ, the IRS requires that all exempt organizations complete the balance sheet included. The balance sheet roughly shows how much money or assets your organization...
ExpressTaxExempt Wishes You All A Happy Thanksgiving!
We’re only a couple of days away from Turkey Day and the excitement of the upcoming holidays has us counting down with anticipation. In the spirit of goodwill, we like...
Key Employees and Independent Contractors in Tax-Exempt Organizations
When filing IRS Form 990 or Form 990-EZ, tax-exempt groups usually have to report compensation of officers, directors, trustees, key employees, highest compensated employees, and independent contractors in Part VII...
Final IRS Deadline for Tax-Exempt Groups is TODAY!!
The day has finally arrived for exempt organizations – the last BIG day to e-file IRS Form 990 and Form 990-EZ. If your nonprofit or charity runs on a calendar...
Simple Ways to Prevent Hefty IRS Penalties
No matter how much we all loathe it, there’s just no way to recover late filing fees and penalties paid to the IRS. In most instances, the IRS evaluates penalties...