More on 990s and Exempt Status

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 [...]

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Another Day, Another Fiscal Year End

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 [...]

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Nonprofit Exempt Status

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, [...]

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Tiered Reporting Requirements

Washington State nonprofits have some new accounting rules starting the first of this year. Effective January 1 2010, if an organization has: Average gross revenue of more than $1 million over the last three years they must have IRS forms prepared or reviewed by CPA or other third party. They will need to submit a [...]

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