Beyond the rate changes the IRS had a couple of other announcements: The 990 filing thresholds change with the new year and move to the permanent levels, the phase-in process for getting nonprofits ready to file the updated form 990 is over. Now organizations with $200,000 or more in gross income (or more that $500,000 [...]
Categories: IRS
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Tags: 990, 990EZ, 990N, Useful IRS Publications
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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, [...]
Categories: IRS, Tax Forms
| Tags: 990, 990EZ, Contributions, In-Kind Gifts
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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 [...]
Categories: IRS, Tax Forms
| Tags: 990, 990 Extensions, 990EZ, 990N, Capacity Building, Education, Fiscal Year, Trainings
| 1 comment
Sometimes it is nice getting things I can just re-post. This came courtesy of the IRS’s Tax Tips newsletter and from the Outreach Toolkit for Partner Use (more good stuff there for getting folks to file): Ten Things Tax-Exempt Organizations Need to Know About the Oct. 15 Due Date A crucial filing deadline of Oct. [...]
Categories: IRS, Tax Forms, The Nonprofit Sector
| Tags: 990, 990EZ, 990N
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