Nonprofit organizations that have 501(c)(3) tax-exempt status should be aware of how they and their employees can participate in national, statewide, and local elections. These 501(c)(3) public ...
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 month for donors to make charitable contributions. But before sending a donation to a nonprofit ...
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 ...
Year-End Giving – Can I Deduct the Value of My Volunteer Service?
Can I deduct the value of my volunteer service to a nonprofit? The IRS will not allow individuals to deduct the monetary value of their volunteer service to a nonprofit on their individual income tax ...
Nonprofit Law Basics: 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 ...
Nonprofit Q&A: Did your Nonprofit Change its Address? Better Inform the IRS
Change of Nonprofit Address? Change of Responsible Party? Effective January 1, taxpayers must use Form 8822-B to notify the IRS of a change of address or the identity of a responsible ...
Have you lost your 501c determination letter?
If your nonprofit has misplaced your 501(c) determination letter for the IRS, you can get a copy of an affirmation letter to have "proof" of your tax-exempt status. Call the IRS Customer Service for ...
Tips for Taxpayers who Travel for Charity Work
IRS Summertime Tax Tip Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five ...
Nonprofit Q&A: What are the benefits of having 501(c)(3) tax-exempt status?
The IRS has identified several key benefits of having 501(c)(3) tax-exempt status in its resource Tax Basics for Tax-Exempt Organizations. We have re-printed the information here. Benefits of ...
How Do I Start a PTO – Parent Teacher Organization?
How do I start a PTO - Parent Teacher Organization? One way for parents to support their child’s school is to join their Parent Teacher Organization (PTO) or Parent Teacher Association (PTA). But ...