COVID-19: Now Is The Time For Leadership
Today is St. Patrick's Day, 2020. Sadly, there won't be much revelry this year. No parades, no leprechauns, and no green beer. This morning as I write this post, I am at my desk with just 3 others of my…
IRS Releases Online, Electronically-Fileable Form 1023
The IRS has released a new online, electronically-fileable Form 1023, application for 501(c)(3) status.
What is IRS Form 990-PF?
Private foundations are a unique class of 501(c)(3) organization…so unique, in fact, that they have their own exclusive version of IRS Form 990, called Form 990-PF. In this post, our 5th in this series, we’re going to examine just what…
Understanding the IRS Form 990
IRS Form 990, the full-length version, is arguably the most detailed tax return the average person is likely to encounter. While there are certainly IRS tax forms that are equally complex, most are used for very targeted situations, not for…
What is Form 990-EZ?
This article is the third in our series that explores the various versions of IRS Form 990. Form 990-EZ is annual information return filed by small-medium sized public charities and certain other nonprofits, at least as measured by gross revenue.
What Is IRS Form 990-N?
As we established in our Form 990 overview post, there are 5 versions of IRS Form 990, one or more of which is required to be filed annually by every 501(c) organization. Form 990-N, the shortest version and the one required…
An Overview of IRS Form 990
Wouldn’t it be great if your nonprofit never had to think about the IRS again, once they approved your 501(c)(3) status, that is? Well, as you can imagine, that simply isn’t the case. Nor should it be, truthfully. As it is, the…
The Critical Intersection of Nonprofit Websites and Compliance
It’s been about 10 years since we last published an article about your nonprofit website, but we field questions from clients about this subject on a weekly basis. And, in the time since that 2009 post, our wired world has…
Pros and Cons of Using Form 1023-EZ for Starting a Nonprofit
Nonprofits seeking federal tax-exemption under Section 501(c)(3) of the Internal Revenue Code have for decades applied by filing Form 1023 with the IRS. In 2011, the National Taxpayer Advocate recommended that the IRS develop a simplified method, particularly for small nonprofits. The…
Using a 509(a)(3) Supporting Organization as a Private Foundation Alternative
In our last post, we began our exploration of supporting organizations by answering the question, “What Is a 509(a)(3) Supporting Organization?”. Now, we want to take a look at one way to take advantage of this unique structure.
