Nonprofit Compliance Legal Checklist: Annual Meeting, Donor Acknowledgements, 990s, Grant Reports, State Reports
Non Profit Year End Checklist. There are several items your nonprofit must complete each year, including: annual meeting, minutes, grant reports, thanking donors, reporting requirements. Here’s help from Texas attorney for nonprofits and associations.
Nonprofit To-Do: Update Government Agencies – Nonprofit Filing Requirements
Nonprofits are required to update government agencies, including state agencies and the IRS. Learn about nonprofit filing requirements so your organization can stay in good standing.
Nonprofit Law Basics: Do Nonprofits File Tax Returns? What is a 990?
Most nonprofit organizations are required to file annual reporting returns with the IRS. Even though tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an informational return with the IRS. This annual reporting return is called a Form 990…
What Does It Mean for a Nonprofit to Lose Tax-Exempt Status?
Since 2011, more than 500,000 tax-exempt entities have lost their tax-exempt status automatically. This started in 2011 when the IRS announced that 275,000 nonprofit groups — about 18% of the nation’s tax-exempt organizations — lost their tax-exempt status because they failed to file IRS Form 990s for three consecutive years. Since then, organizations have continued […]
Nonprofit Law Basics: Help with IRS Form 990
Since the IRS Form 990 is due for many organizations on May 15, we have provided a cursory list of terms you will find on IRS form 990 and 990EZ. Here is help with IRS Form 990. Help from Texas nonprofit attorney lawyer