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...
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...
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...
Just the Facts: What to Know About Amended Returns
As much as we all tend to make tax season scary and stressful at times, tax returns aren’t necessarily the “be all, end all” threat we perceive. It’s true that...
Start a Nonprofit in 3 Simple Steps
Creating a nonprofit or charitable organization isn’t as easy as getting all your buddies together and doing community work for a noble cause. And at first glance, it may seem...
IRS Lowers Nonprofit Applications
Outstanding news for organizations trying to seek tax-exemption status – the Internal Revenue Service reduced its processing fee for Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3)...