Principal Officer’s Role with Filing Form 990
When an exempt organization files its annual tax return, it’s typically the responsibility of the principal or primary officer to complete the filing. The officer can either finish and submit...
Reporting Sales of Assets for Tax-Exempt Groups
For many tax-exempt organizations with significant gross receipts, some of that revenue may have come from the selling of assets. An asset is usually an owned item or resource with...
Form 990 Instructions for Exempt Organizations
Tax-exempt organizations are required to file an annual tax return with the IRS – this form is known as the 990 series, and it reports an organization’s total revenue, expenses,...
Common Form 990 Filing Mistakes
Preparing an IRS Form 990 takes a great deal time. The entire form itself is many pages long and littered with tons of IRS instructions, legal terms, and small print...
Foreign Charities Filing 990 Forms
In the nonprofit sector, it’s common knowledge that your tax-exempt organization must file an annual return with the IRS – this form reports your organization’s total revenue, expenses, and activities....
REMINDER!! Final IRS Deadline for the Year!
We’re in the last three months of the year. And just like every year, the final extended deadline for exempt organizations rolls around like clockwork. For nonprofits and charities who...
4 Surprising Tax Tips for Nonprofits
Successfully running a nonprofit or charitable group comes with many responsibilities – not only with your organization’s mission and activities, but also all the requirements to remain compliant with the...
3 Keys to Gain More Donors
3 Keys to Gain More Donors In the nonprofit industry, it’s standard practice to request for donations or contributions – and there are many ways to secure supporters. One way...
Don’t Get Revoked! Retain Your Tax-Exempt Status
For exempt organizations, the IRS requires that you file a tax return each year that reports your total revenue, total expenses, and activities. You submit these annual tax returns based...