When preparing your organization’s annual Form 990, there are a few common pitfalls to be aware of.  

Your Form 990 is a public document that shapes how donors, grantors, and other stakeholders view your organization.

When a new nonprofit applies for tax-exempt status, it’s important to choose the correct type.

Most nonprofit organizations are required to file an annual informational return with the IRS.

To be classified as a public charity by the IRS, you must pass a public support test.

If your organization paid any independent contractor or nonemployee for their services, you may need to prepare a Form 1099.

Don’t make the mistake of thinking that your nonprofit tax exemption includes payroll taxes! If you have employees, then you must understand your obligations as an employer.

The IRS Form 990 is an annual informational return for tax-exempt organizations. There are several different versions of the 990 form. Which one is right for your organization?

Does your nonprofit need to file any 1099s this year?

With only a month left on the calendar for 2021, it’s almost time to start preparing your organization’s year-end tax forms.