Name: Maribeth Wright, CPA, Shareholder
Email:
Posts by Maribeth Wright, CPA, Shareholder:
Is Your Farm a Hobby or a Business?
February 10th, 2012Farming is a pleasure activity for some individuals, and for others, it’s how they support themselves. If you farm for profit, how do you prove it to the IRS? Read the rest of this entry “
Could Your Not-for-Profit Organization’s Website have Tax Implications?
February 1st, 2012Anyone can access your organization’s website – even the IRS. Not only can anyone easily find it through an Internet search, it is now prominently displayed on the first page of your Form 990. As the IRS begins to scrutinize tax-exempt organizations more closely, it is likely examine your organization’s Web advertising and merchandising. Read the rest of this entry “
Filing a 990? Some Tax-Exempt Groups Receive a Deadline Extension
January 17th, 2012The IRS recently announced an extension until March 30, 2012, for tax-exempt organizations that normally have a January or February return filing deadline. Read the rest of this entry “
Does Your Nonprofit Qualify for the Health Care Tax Credit?
December 14th, 2011Wouldn’t your not-for-profit organization love to find an additional $500 to $5000? Nonprofit groups are often surprised to find that they may qualify for the small business healthcare tax credit, which began in 2010. The credit, which applies to both for-profit and nonprofit entities, has already netted several of our clients between $500 and $5000 in refunds for the 2010 tax year. Read the rest of this entry “
How can small charities still comply with the 990-N filing?
August 4th, 2010The IRS has announced it will help thousands of small charities keep their tax-exempt status who missed the May 17 deadline for filing the new online return, called the Form 990-N or “e-postcard.” Read the rest of this entry “
Can my summer day care expenses earn a tax credit?
July 26th, 2010Arranging summer day care for your children can be challenging, but knowing those expenses may be tax deductible may help. The IRS recently shared some tips regarding the tax credit available for child care of children under age 13. Read the rest of this entry “
How can I make a donation for Gulf animal rescue to a reputable charity?
June 25th, 2010Just as they did when earthquakes ravaged Haiti, many fast-acting organizations have mobilized to help rescue animals caught in the massive Gulf oil spill. But as was also the case with Haiti, not all groups have the best interests of the animals, or the donors, in mind. If you want to help, how do you know which ones are responsible, versus inefficient, ineffective or outright scams? Read the rest of this entry “
Has the IRS extended the 990 Filing Deadline?
June 4th, 2010Hundreds of thousands of not-for-profit organizations are in danger of losing their tax-exempt status because they missed a critical May 17 filing deadline, however smaller nonprofits are being thrown a lifeline by the IRS. The IRS is working to help organizations with annual receipts under $25,000 maintain their tax-exempt status and encourages these groups to go ahead and file the document even though the deadline has passed. Read the rest of this entry “
What does “good governance” mean for nonprofits?
May 21st, 2010IRS auditors know what good governance practices are, and they’re not afraid to test them on your not-for-profit organization.
Tax-exempt organizations represent a significant and growing industry. There are more than 1.9 million exempt organizations, not including those with religious exempts, and more than 200 new applications are approved each day. With such large numbers, it’s not surprising the agency is placing increased focus on this area. Read the rest of this entry “
What should not-for-profit trustees know about the 990 Form?
May 5th, 2010In recent years, the IRS has made several revisions to its Form 990, the tax return for tax-exempt organizations. These changes focus on obtaining additional information that help organizations become more transparent to both the IRS and the general public. However, these changes also mean increased responsibilities for the trustees of these organizations. Read the rest of this entry “
