Blog – Tax990

Form 990-PF for Private Foundations: Completing Parts 1, 2, 3, and 4

The 990-PF form is a lengthy document consisting of 13 pages, and 16 Parts that allow the foundation to provide extensive information to the IRS regarding the activities and actions...

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October 27, 2023
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Hospitals and their Tax-Exempt Status: Eligibility and Filing Requirements

t is a common misconception that the nonprofit sector is always cut and dry. There are many types of organizations that can be considered a nonprofit or a for-profit depending...

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October 24, 2023
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Savvy Tips for Retaining and Accessing Your Nonprofit’s Vital Documents

Keeping meticulous records is not just a best practice; it’s an essential requirement for nonprofits. You never know when you might need to access historical financial data, crucial governing documents,...

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October 20, 2023
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Finishing Up Your Organization’s Form 990: Parts 10-12

When it comes to financial reporting for your organization, the balance sheet plays a pivotal role. It serves as the financial snapshot that showcases your assets and liabilities, ultimately determining...

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October 19, 2023
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Certain Nonprofits are Required to File IRS Form 990 Returns by October 16th

Many people think that nonprofit organizations don’t have strict IRS reporting requirements because they are tax-exempt. This is a major misconception. Those who operate or work closely with nonprofit organizations...

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October 12, 2023
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A Deep Dive into Completing IRS Form 990: A Closer Look at Parts 7-9

The IRS Form 990 can be a complex and intimidating tax return. Whether you have recently taken on this responsibility of filing for an organization that you volunteer with or...

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October 11, 2023
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Breaking Down Nonprofit Tax Form 990: Navigating Parts 4-6

Form 990: it’s a document that strikes fear into the hearts of many nonprofit organizations, but it doesn’t have to be that way. We’re taking apart each scary portion of...

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October 6, 2023
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Understanding California Nonprofit Requirements – A Quick Guide

Creating and operating a nonprofit organization is a challenging feat. So much work goes into establishing and maintaining the organization’s good standing with the IRS and in many cases, their...

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October 5, 2023
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Filing a 990: How it Can Benefit Your Church (and Your Church’s Donation Box)

Each and every year, thousands of nonprofit organizations file a Form 990–and while IRS regulations mean that all churches (that meet the requirements of 501(c)(3) status) are not required to...

Posted byadmin
October 5, 2023
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