There are many ways an organization can lose tax-exempt status. We’ll expand on the most common methods below. If you have questions about your specific…
Nonprofit organizations are generally prohibited from lobbying or engaging in political activities. A 501(c)(4) organization can spend unlimited time lobbying and is often a better…
Will I be able to collect donations in my state and online after I file my 1023? Donations while status is pending: The short answer…
Most federally tax-exempt organizations, except churches (unless they claim unrelated business income) and state institutions. Browse theIRS guidelines or chat with us to learn more.
The most common error is forgetting or not knowing to file the IRS Form 990. Failing to complete the 990 for three consecutive years can…
What is the deadline for filing Nonprofit Form 990 and Form 990-N? 501c3 organizations are exempt from federal taxes. However, they must still file Form…
IRS Publication 557 – Tax-Exempt Status for Your Organization, establishes an 85% of the gross income requirement. This requirement is that the exempt organization must…
The tax rates are the same as those that apply to regular corporations on Form 1120. However, an exempt association files Form 990-T to report…
Yes. An exempt organization must establish an accounting system capable of tracking the source of income and payment of that income. The system should also…
As a nonprofit consultant, we often advise filing the IRS 990-EZ Voluntary instead of the 990-N to be transparent with the public. Your 990 is…
