Why E-file with ExpressTaxExempt
The May 15 filing deadline for exempt organizations and private foundations is inching ever closer. E-filing 990 forms and extension is quickly becoming the best way for organizations and paid...
How to File the Updated 8868 Extension Form
IRS Form 8868 is a tax extension form for exempt organizations and private foundations needing to increase their filing deadlines for 990 tax returns. The form separates into two sections...
Revenue, Expenses, & Grants from Program Services
The IRS requires large and mid-size exempt organizations to describe three of their most major program services when reporting Form 990 or 990-EZ tax returns. These services typically measure or...
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...
How to Report Lobbying Expenditures on IRS Form 990/990-EZ
Reporting additional information about political campaign activities or lobbying activities requires exempt organizations to file a Schedule C along with their IRS Form 990 or 990-EZ. 501(c)(3) organizations needing to...
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...
Reporting Bad Debt, Medicare, & Collection Practices with Schedule H
Hospitals with 501(c)(3) exemption status must report information about activities, policies, and community benefit of its hospital facilities and other non-hospital health care buildings it operated during the tax year....
Can Religious Organizations Become Tax-Exempt?
In Section 501(c)(3) of the Internal Revenue Code, one of the exempt purposes that is specified is “religious.” Because of constitutional issues, Treasury Regulation doesn’t have a precise definition of...
Joint Ventures for Tax-Exempt Hospitals
One way health systems can counter against depleting resources and growing demand is by entering into a joint venture with physicians or other businesses. While this method can boost efficiency...