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Form 990 And Nonprofits

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It may sound backward that a nonprofit that’s tax-exempt would have to file a tax return. But like for-profit companies, nonprofits are also required to file yearly reports. Form 990 is the IRS form available to use in filing. The IRS requires nonprofits to report every year things like: • … [Read more...] about Form 990 And Nonprofits

Pitfalls of Political Activity for Nonprofits

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Politics and political activity are sticky and difficult subjects for nonprofits, particularly in recent years. Even a hint of political activity is enough to raise a lot of blood pressure for both sides. It’s difficult to avoid, because politics is everywhere, and it directly affects everyone no … [Read more...] about Pitfalls of Political Activity for Nonprofits

Consult An Experienced Nonprofit Attorney Before You Get Started

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Nonprofits work to provide services that a community needs that aren’t available elsewhere. Many nonprofits are started on a shoestring with a small budget. But one thing that any nonprofit should not neglect is legal representation. It’s a good idea to make an appointment with a nonprofit … [Read more...] about Consult An Experienced Nonprofit Attorney Before You Get Started

Requirements To Maintain A 501(C)(3) Tax Exempt Status In Chicago, IL?

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Nonprofits can enjoy a range of benefits through their tax exemption. Organizations such as public safety, religious, scientific, and those dedicated to the prevention of cruelty to both humans and animals can enjoy tax exemption. Donations can be tax-free for supporters who provide … [Read more...] about Requirements To Maintain A 501(C)(3) Tax Exempt Status In Chicago, IL?

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