Do nonprofits file tax returns? Most tax-exempt organizations are required to file annual informational returns with the IRS. Even though most tax-exempt nonprofit organizations do not pay federal ...
Nonprofits and Political Campaign Activities – What Is Allowed?
Nonprofit organizations that have 501(c)(3) tax-exempt status should be aware of how their organization can participate in national, statewide, and local elections. These 501(c)(3) public charities ...
5 Items to Include in Donor Acknowledgment Letters – What to include for tax purposes?
What are donor acknowledgment letters? Donor acknowledgment letters are more than just a "thank you" letter. Most tax-exempt organizations have certain requirements to follow -- including providing ...
Year-End Giving – How Do Charitable Donations Affect My Taxes?
How do charitable donations affect my taxes? After researching a charitable organization and deciding where to give your money, you should also consider how the charitable donation will affect your ...
Nonprofit Law Basics: What is the Difference Between a Public Charity & a Private Foundation?
The terms of nonprofit entities can be confusing ... public charity ... private foundation ... corporate foundations … private operating foundations … public charities that act as ...
Our Nonprofit Lost Tax-Exempt Status – Now What?
If your nonprofit organization lost its tax-exempt status from the IRS, what should you do now? Most 501(c) tax-exempt organizations must file IRS Form 990s each and every year. If they aren't filed ...
Nonprofit Q&A: What is Group Exemption?
What is Group Exemption? Group exemptions are a way that similar organizations can share the same tax-exempt status. These organizations are sometimes called "umbrella organizations" because the ...
You’ve Automatically Lost 501(c)(3) Tax-Exempt Status – Now What?
Since 2011, the IRS has automatically revoked the tax exempt status of hundreds of thousands of nonprofit nonprofit organizations because they failed to file IRS Form 990s for three consecutive years. ...
Help with IRS Form 990
While tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an annual informational return with the IRS called the Form 990. The IRS ...
Year-end giving – How to make your donation count
Year-End Giving - How to make your donation count The end of the calendar year is a popular time for donors to make charitable contributions. But before sending a donation to a nonprofit ...