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

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exemptorganization

Reporting Unrelated Business Income

For some exempt organizations, generating sufficient funds sometimes requires going beyond traditional fundraisers and generous contributions. Tax-exempt groups are eligible to participate in trades and businesses with no correlation with...

Posted byExpressTaxExempt
December 15, 2016
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charities

Group Returns for Exempt Organizations

Exempt organizations that are considered a central or parent company can file a group return with IRS Form 990 for two or more secondary or local tax-exempt organizations. In some...

Posted byExpressTaxExempt
December 13, 2016
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expresstaxexempt

Tips on Reporting Other IRS Filings and Tax Compliance

Within IRS 990 and 990-EZ forms, there is a section where tax-exempt organizations can report specific types of other IRS filings and tax compliance information. Not every question from this...

Posted byExpressTaxExempt
December 8, 2016
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5 Reasons for an IRS 990 Form Rejection

As easy as it is to submit a 990 form to the IRS electronically, there are instances when your form can get rejected. At that point, it’s up to you...

Posted byExpressTaxExempt
December 6, 2016
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charities

Tips on Completing Balance Sheets for Exempt Groups

When filing Form 990 or 990-EZ, the IRS requires that all exempt organizations complete the balance sheet included. The balance sheet roughly shows how much money or assets your organization...

Posted byExpressTaxExempt
November 29, 2016
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contributions

ExpressTaxExempt Wishes You All A Happy Thanksgiving!

We’re only a couple of days away from Turkey Day and the excitement of the upcoming holidays has us counting down with anticipation. In the spirit of goodwill, we like...

Posted byExpressTaxExempt
November 22, 2016
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contributions

Key Employees and Independent Contractors in Tax-Exempt Organizations

When filing IRS Form 990 or Form 990-EZ, tax-exempt groups usually have to report compensation of officers, directors, trustees, key employees, highest compensated employees, and independent contractors in Part VII...

Posted byExpressTaxExempt
November 17, 2016
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charities

Final IRS Deadline for Tax-Exempt Groups is TODAY!!

The day has finally arrived for exempt organizations – the last BIG day to e-file IRS Form 990 and Form 990-EZ. If your nonprofit or charity runs on a calendar...

Posted byExpressTaxExempt
November 15, 2016
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charities

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...

Posted byExpressTaxExempt
November 10, 2016
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