nonprofits – Page 4 – ExpressTaxExempt Blog | E-file tax Exempt Organizations for Form 990 series & Form 1120-POL

Posted inin certifiedpublicaccountant
charities

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...

Posted byExpressTaxExempt
January 5, 2017
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Posted inin brandmanual
charities

Start the New Year With a New Brand

A new year means new beginnings – and what better way to embrace the “new” than with a complete reboot of your nonprofit or charity? Updating your organization’s brand can...

Posted byExpressTaxExempt
January 3, 2017
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Posted inin artmuseumcollections
charities

Tips for Reporting Supplemental Financial Statements

Each time your organization answers “Yes” to a question on Form 990, Part IV, you’re required to complete the applicable schedule and provide explanations that are relevant to the question....

Posted byExpressTaxExempt
December 29, 2016
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Posted inin charities
disregardedentities

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...

Posted byExpressTaxExempt
December 21, 2016
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Posted inin charities
exemptorganization

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...

Posted byExpressTaxExempt
December 15, 2016
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Posted inin centralorganization
charities

Group Returns for Exempt Organizations

Exempt organizations that are considered a central or parent company can file a group return with IRS Form 990 for two or more secondary or local tax-exempt organizations. In some...

Posted byExpressTaxExempt
December 13, 2016
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Posted inin charities
expresstaxexempt

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...

Posted byExpressTaxExempt
December 8, 2016
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Posted inin balancesheet
charities

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...

Posted byExpressTaxExempt
November 29, 2016
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Posted inin charities
contributions

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...

Posted byExpressTaxExempt
November 22, 2016
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