990

501(c)(3)

A Brief Overview of Tax Obligations and Filing Requirements of Nonprofit Organizations

Filing requirements for tax-exempt organizations can be a maze of bureaucracy. Though many tax-filing requirements can be similar for the different types of tax-exempt organizations, there are key distinctions 501(c) organizations should be aware of. Fortunately there are tax preparation services that can help in this matter. Though before we go any further, it is …

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startup, start-up, notebooks

Tax-exempt organizations – Be sure to file your 990 informational return!

Despite the IRS’s best efforts to inform the public, many tax-exempt organizations fail to file their annual informational return (examples here).  While failing to file for a single year may trigger late fee penalties, the real threat is that if an organization fails to file their 990 for three consecutive tax years, they AUTOMATICALLY lose …

Tax-exempt organizations – Be sure to file your 990 informational return! Read More »

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