Tag Archives: Tax Exempt

IRS Exempt Organizations FY2011 Workplan

Posted on January 9, 2011 by Michele

The IRS Exempt Organizations Division 2011 for its Fiscal Year 2011 was released last month. The new year is a good time to review the Division’s priorities and how they might impact your organizations. (Thanks to the Nonprofit Law Blog … Continue reading →

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Form 990 Help (Getting Prepared)

Posted on September 23, 2010 by Michele

Before sitting down to fill out your form 990, I encourage you to gather some paperwork and information required on the form. Some items on the list may or may not be needed depending on your organization and the type … Continue reading →

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Form 990 Help (The Basics)

Posted on September 8, 2010 by Michele

During a meeting about Aplos, the topic of Form 990 and its long list of instructions presented itself.  For those of you unfamiliar with Form 990, the Return for Organizations Exempt from Income Tax, I would like to provide a … Continue reading →

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More Contribution Questions Answered

Posted on July 5, 2010 by Michele

I am continuing on the topic of contributions.  My previous post clarified some questions any of us working in the fund accounting world might have. Here are a few more answers to the most asked contribution questions. Is there a … Continue reading →

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Non-Profits Could Lose IRS Tax Exemption on May 17

Posted on May 11, 2010 by Michele

Is your tax exempt status secure?  The IRS is set to begin revoking tax exemptions on May 17th due to failure to file.  Under the federal Pension Protection Act of 2006, exempt organizations that fail to file required Form 990 … Continue reading →

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Pastoral exemption – Form 4361

Posted on April 26, 2010 by Michele

Two rules have caused a great deal of confusion for minister’s coverage of Social Security. First, “ministers always are self-employed for Social Security with respect to their ministerial services. This means they pay the self-employment tax, not “Social Security” and … Continue reading →

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Tax Guide for Churches and Religious Organizations

Posted on April 8, 2010 by Michele

I am posting a link to an IRS document filled with great information about church and religious organization’s tax laws and obligations.  Below are some of the topics covered.  You can click on the link for a comprehensive look. http://www.irs.gov/pub/irs-pdf/p1828.pdf … Continue reading →

Posted in Church, Non-profit, Tax | Tagged , , | 1 Comment

Validating Contributions

Posted on April 6, 2010 by Michele

Proper fund accounting procedures are crucial to maintainng your 501(c)(3) status as a church or non-profit.  More specifically, contribution management and the rules defined by the IRS are important to understand, so that your organization’s record keeping not only keeps … Continue reading →

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Advertising as a Nonprofit but not a 501(c)(3)

Posted on April 2, 2010 by Michele

Because 501(c)3 status approval may take a few months, I thought it might be helpful to clarify some terms.  I found a great question posed by “Nonprofit and Church Law Ministries, Inc.” a nonprofit, 501(c)(3) organization, whose purpose is to … Continue reading →

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Does nonprofit, 501(c)(3) and tax-exempt all mean the same thing?

Posted on March 25, 2010 by Michele

Please be aware that while these terms are often used interchangebly, they do not mean the same thing. Nonprofit means the entity, usually a corporation, is organized for a nonprofit purpose.  The organization serves some public purpose and therefore enjoys … Continue reading →

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