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...
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,...
E-file Tax-Exempt Returns from Anywhere!
E-file Tax-Exempt Returns from Anywhere For those of you running small exempt organizations, you know that you’re required to file an annual tax return with IRS. Even if your nonprofit...
E-file Form 990-N Before the Year Ends!
E-file Form 990-N Before the Year Ends! There are only two full months left within the year, and if your small tax-exempt organization needs to file a tax return, ExpressTaxExempt.com...
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...