There were 2 year end tax changes to note, in addition to the Secure Act, which changed retirement plan distributions. First, Congress finally repealed the stupid parking tax, effective retroactively. If you filed a 990-T and paid the tax, you can file for a refund. Second, Congress has … [Read more...] about Year End Tax Changes for Nonprofits
Much like a for-profit corporation, a nonprofit corporation will also have a board of directors as a matter of course when starting. The board is the governing body of the nonprofit that is responsible for managing and running the organization’s activities. These members are generally not employees … [Read more...] about In Chicago, IL What Are The Responsibilities Of A Non-Profit Board Of Directors?
You have an idea, and you’re ready to start your new nonprofit organization in Chicago. You need more than an idea, of course, and there are a lot of plans to make. What will you call it? Who will you be working with, and who will be working for you? What will be in your articles of incorporation … [Read more...] about What is a Tax Exemption Certificate in Chicago, IL?