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

Posted inin 2016form990
affiliatedgroups

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...

Posted byExpressTaxExempt
February 28, 2017
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Posted inin 2016form990
501(c)(3)organization

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...

Posted byExpressTaxExempt
February 23, 2017
2 Comments

Posted inin baddebtexpenses
charities

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....

Posted byExpressTaxExempt
February 21, 2017
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Posted inin charities
contributions

How to Donate Tax Deductible Books to Libraries

One way to reduce the clutter around your office or home is to donate any old books you have to your local library – not only are you giving to...

Posted byExpressTaxExempt
February 14, 2017
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Posted inin 2016form990
charities

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...

Posted byExpressTaxExempt
February 9, 2017
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Posted inin 2016form990
501(c)(3)organization

Tax Deductible Contributions to Nonprofit Schools

Taxpayers can claim deductions towards their annual tax bill from donations they make to recognized 501(c)(3) organizations. Qualified 501(c)(3) groups typically include nonprofit schools operating solely for literary and education...

Posted byExpressTaxExempt
February 7, 2017
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Posted inin 2016form990
501(c)(3)organization

How Schools Can Acquire 501(c)(3) Tax-Exempt Status

It’s typical for schools and Parent-Teacher Association (PTA)/Parent-Teacher Organization (PTO) to be recognized as a 501(c)(3) organization and have tax-exempt status. However, there is a common misunderstanding when a school...

Posted byExpressTaxExempt
February 2, 2017
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Posted inin 2016form990
accountablecareorganization

Tax-Exempt Hospitals Must Comply with Section 501(r) Regulations

Section 501(r) regulations provide guidelines on how hospitals retain their tax-exempt status. These requirements were implemented to the Internal Revenue Code by the Patient Protection and Affordable Care Act back...

Posted byExpressTaxExempt
January 31, 2017
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Posted inin 2016form990
charities

Reporting Endowment Funds with Form 990

On Part IV, Line 10 of IRS Form 990, you must answer if your exempt organization held any assets in temporarily restricted endowments, permanent endowments, or quasi-endowments – the ownership...

Posted byExpressTaxExempt
January 26, 2017
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