Questions about changing fiscal years with the IRS have come up several times in the last few months, this one is the most recent: I work with a non-for-profit that uses a calendar year to file 990 but a fiscal year for budgeting. As the organization grows, we think it would be simpler to have [...]
Categories: IRS, Tax Forms, The Nonprofit Sector
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Tags: 990 Extensions, Fiscal Year, Nonprofit Accounting, Short Fiscal Year
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7 comments
The IRS has released the list of those nonprofit groups that face losing their exempt status because they failed to file their returns for three consecutive years. Organizations who have failed to file for the last three years and were supposed to this year starting in May (which includes groups whose fiscal year ends on [...]
Categories: IRS, Tax Forms, The Nonprofit Sector
| Tags: 990, 990EZ, 990N
| 1 comment
Congratulations to all the nonprofits whose fiscal year ended on June 30th! While we may not celebrate like we do for those whose year end is December 31 it is still a time to make resolutions, make plans and start the new fiscal year off right. For your own ’10/’11 resolutions list might I suggest [...]
Categories: IRS, Tax Forms, The Nonprofit Sector
| Tags: 990, 990EZ, 990N
| 2 comments
A quick note covering both ends of a nonprofit’s exempt life cycle — the beginning and the end. The Beginning Charity Lawyer has a great piece on the IRS’s new Cyber Assistant for filing your Form 1023 Exempt Application on-line. The idea is that the Cyber Assistant will guide applicants through the Form 1023 application, [...]
Categories: IRS, Tax Forms, The Nonprofit Sector
| Tags: 990, 990EZ, 990N, Application for Exemption, Form 1023
| No comments
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