Posts belonging to Category IRS

2011 IRS Mileage Rates

The Internal Revenue Service has announced the 2011 Standard Mileage Rates. From their press release: Beginning on Jan. 1, 2011, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 51 cents per mile for business miles driven 14 cents per mile driven in service of charitable [...]

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Questions and Answers

During a recent workshop on the form 990 there were a couple of questions that came up that I said I would get more information on. Reporting In-Kind Income On the form 990 you do report non-cash contributions in Part VIII, Statement of Revenue. The IRS considers non-cash contributions to be anything “other than cash, [...]

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What November 15 is All About

Form 990s are due throughout the year depending on when your fiscal year ends, but always on the 15th of the month. You can scroll down for all the hubbub about October 15th of this year. But the 15th of November could be a pretty major day for nonprofits to0. It could be important to [...]

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October 15 Deadline

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