Category Archives: Nonprofits

Nine Tips for Charitable Taxpayers

If you make a donation to a charity this year, you may be able to take a deduction for it on your 2011 tax return. Here are the top nine things the IRS wants every taxpayer to know before deducting … Continue reading

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IRS Identifies Organizations that Have Lost Tax-Exempt Status; Announces Special Steps to Help Revoked Organizations

The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years. The IRS believes the vast majority of these … Continue reading

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Ten Things Tax-Exempt Organizations Need to Know About the Oct. 15 Due Date

A crucial filing deadline of Oct. 15 is looming for many tax-exempt organizations that are required by law to file their Form 990 with the Internal Revenue Service or risk having their federal tax-exempt status revoked.  Nonprofit organizations that are … Continue reading

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Many Tax-Exempt Organizations Must File Form 990 by May 17 Deadline to Preserve Tax-Exempt Status with IRS

A crucial filing deadline of May 17 is looming for many tax-exempt organizations that are required by law to file their Form 990 with the Internal Revenue Service or risk having their federal tax-exempt status revoked.  The Pension Protection Act … Continue reading

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IRS Reaches Out to Millions of Employers on Benefits of New Health Care Tax Credit

The Internal Revenue Service this week began mailing postcards to more than four million small businesses and tax-exempt organizations to make them aware of the benefits of the recently enacted small business health care tax credit. Included in the Patient … Continue reading

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Basics of Creating a 501(c)(3) Charity

Creating a nonprofit organization, especially a Section 501(c)(3) organization, can be a daunting task.  If you do not know what you are doing, you are most likely going to get lost in the paperwork, the process, and the extensive steps … Continue reading

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Nonprofits and Political Activities

Public charities are prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of or in opposition to a candidate for public office. Contributions to political campaign funds or public statements of position made on … Continue reading

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Annual Tax Exempt Filing Requirement

Now that April 15th has passed, most people are not thinking about taxes anymore or even dealing with the IRS.  However, tax exempt organizations are not out of the woods just yet.  Generally, all tax exempt organizations must file their … Continue reading

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529 Tuition Programs

Unknown to most people, a qualified Section 529 tuition program (better known as 529 Plans) is a type of tax exempt organization.  A Section 529 plan provides prepaid tuition or a method of an education savings program to provide pre-tax … Continue reading

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Public Charity vs. Private Foundation

Many people are anxious to create a nonprofit organization in order to help their community and the overall general public.  But, knowing how to help people, and knowing how to create a nonprofit organization in order to help people, are … Continue reading

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