When you first think of a nonprofit organization or charity, you initially think that everyone participating is volunteering their time and not on payroll. However, in order to effectively carry...
Nonprofit organizations serve a great purpose and make a significant difference in the community daily. Although the mission of nonprofits is positive, they are faced with various challenges along the...
Last time we discussed what to do if you file your Form 990 series return late, and briefly touched upon what to do if you lose tax exempt status. Now, we’re going...
In the perfect non-profit world all financial support would be either cash or liquid donation and free of any donor imposed restrictions. No matter the reason for the donor to...
Unfortunately, there is no way to recover penalties and fees paid to the IRS. However, you can avoid those penalties by filing in a timely manner, e-filing a Form 8868 (Extension...
Have you ever read through the information on the IRS website for Form 990-EZ in its entirety? It never ends, those instructions seem to go on forever like Lambchop’s “Song...
The IRS deadlines keep on spinning. If your nonprofit organization falls under the Feb 1, 2013- Jan 31, 2014 tax period, then your IRS Form 990 is due TODAY! Don’t worry,...