A Brighter Way
A Brighter Way
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The IRS has a new online search tool to help you verify the tax-exempt status of an organization. This will help you determine if an organization lost its tax exemption for failing to file a Form 990. Using the new tool, "Exempt… read more
As today’s not-for-profit organizations face the challenges of decreasing funds, fewer volunteers and increasing demand for services, one popular solution has been to combine forces in partnership with other groups and occasionally… read more
The 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… read more
If your not-for-profit organization doesn’t normally have annual gross receipts of more than $50,000, it may be able to file an e-postcard rather than the more extensive IRS Form 990 or Form 990-EZ. The IRS has increased the gross… read more
Over the past three years, the Internal Revenue Service has been implementing the use of a revised form, Form 990, for year-end reporting by nonprofit organizations. The revised form requires much greater details about the organization, its… read more
One of the most common mistakes organizations make is not itemizing expenses into the three main categories the IRS designates – programs, general administration and fundraising. “The IRS wants to see what is spent on… read more
On May 15, 2010, an estimated 25 percent of the 1.6 million charities, trade associations and membership groups in the United States lost their tax exempt status for failure to file the IRS Form 990-N. The action results from a provision… read more
The IRS is getting tough on not-for-profit groups this year. The agency recently issued a reminder that all nonprofit organizations that have not filed a Form 990-N or other form in the past three years will have their tax-exempt status… read more
IRS 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… read more
For many not-for-profit organizations, the revised IRS 990 form introduced this year can be troublesome. The new form was intended by the IRS to help organizations provide greater transparency about their activities to the public. As a… read more
