The IRS recently announced an extension until March 30, 2012, for tax-exempt organizations that normally have a January or February return filing deadline. (more…)
Posts Tagged ‘nonprofit’
Filing a 990? Some Tax-Exempt Groups Receive a Deadline Extension
Tuesday, January 17th, 2012Does Your Nonprofit Qualify for the Health Care Tax Credit?
Wednesday, 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. (more…)
Raising Funds for Booster Club? The Rules are Tricky
Tuesday, September 13th, 2011The Internal Revenue Service has issued a warning to booster clubs that conduct fundraisers that they may be subject to IRS scrutiny, including jeopardizing the groups’ 501(c(3) status. An IRS directive addresses the possible tax consequences for booster clubs that reduce the amount a participant is required to pay based on the amount of fundraising the individual has done. (more…)
Is Your Group Still Exempt? 11,000 Ohio NFPs Lose Tax-Exempt Status
Friday, July 8th, 2011The IRS recently announced that nearly 11,000 Ohio not-for-profit organizations lost their tax-exempt status. Why? They failed to file an annual informational return for three consecutive years. (more…)
Is there a silver lining in revised 990 reporting requirements?
Monday, November 8th, 2010IRS Form 990 causes anxiety for many trustees of tax-exempt organizations. The form, expanded and revised beginning in the 2008 tax year, was designed to help organizations communicate their business operations more transparently to the IRS, members and the general public. (more…)
How can technology help your non-profit?
Monday, September 20th, 2010Can technology help you solve some of your nonprofit’s biggest challenges? In a word, yes, in many cases. Every organization is looking for ways to do more with less, and technology can serve as the additional person on your staff to help make things happen. (more…)
How can small charities still comply with the 990-N filing?
Wednesday, 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.” (more…)
How can I make a donation for Gulf animal rescue to a reputable charity?
Friday, 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? (more…)
Has the IRS extended the 990 Filing Deadline?
Friday, 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. (more…)
What should not-for-profit trustees know about the 990 Form?
Wednesday, 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. (more…)
