When filing IRS Form 990 or Form 990-EZ, tax-exempt groups usually have to report compensation of officers, directors, trustees, key employees, highest compensated employees, and independent contractors in
When an exempt organization files its annual tax return, it’s typically the responsibility of the principal or primary officer to complete the filing. The officer can either finish
For many tax-exempt organizations with significant gross receipts, some of that revenue may have come from the selling of assets. An asset is usually an owned item or
Tax-exempt organizations are required to file an annual tax return with the IRS – this form is known as the 990 series, and it reports an organization’s total
Preparing an IRS Form 990 takes a great deal time. The entire form itself is many pages long and littered with tons of IRS instructions, legal terms, and
In the nonprofit sector, it’s common knowledge that your tax-exempt organization must file an annual return with the IRS – this form reports your organization’s total revenue, expenses,
We’re in the last three months of the year. And just like every year, the final extended deadline for exempt organizations rolls around like clockwork. For nonprofits and
Successfully running a nonprofit or charitable group comes with many responsibilities – not only with your organization’s mission and activities, but also all the requirements to remain compliant
