Synopses & Reviews
Synopsis
The essential tax reference book for every nonprofit Dealing with the IRS and its rules is the price all nonprofits pay for the substantial tax benefits they receive. Failure to comply with nonprofit tax laws can lead to dire consequences--revocation of your tax-exempt status or the imposition of taxes and penalties on your nonprofit, or even on your officers, directors, or employees personally. Fortunately, most nonprofits can handle IRS compliance tasks themselves or with minimal help.
This book contains step-by-step guidance on the myriad of complex tax laws and regulations governing nonprofits.
Every Nonprofit's Tax Guide explains how to file an annual information return with the IRS, the difference between employees and independent contractors, proper recordkeeping, the deductibility of charitable contributions, conflicts of interest, UBTI, lobbying rules, and more. You can turn to this book whenever you have a question about IRS rules or nonprofit compliance issues.
Make sure you and your nonprofit avoid IRS issues and problems with this comprehensive and thorough overview of nonprofit tax rules.
Synopsis
The essential tax reference book for every nonprofit
Nonprofits enjoy privileges not available to other organizations. But these privileges come with obligations: Nonprofits must comply with special IRS rules and regulations to maintain their tax-exempt status.
Practical, comprehensive, and easy to understand, Every Nonprofit's Tax Guide explains ongoing and annual IRS compliance requirements for nonprofits, including:
- a detailed explanation of Form 990
- requirements for filing Form 990-EZ electronically
- conflicts of interest and compensation rules
- charitable giving rules
- unrelated taxable business income rules
- lobbying and political activity restrictions, and
- nonprofit bookkeeping.
Whether you are just starting your nonprofit or are well established, you'll find all the information you need to avoid the most common issues nonprofits run into with the IRS.
With Downloadable Forms
Find policy documents and forms, including a sample conflict of interest policy, rebuttable presumption checklist, and expense report form inside the book.