Description
Practical, comprehensive, and easy-to-understand, Every Nonprofit's Tax Guide explains ongoing and annual IRS compliance requirements for nonprofits, including: the new Form 990 and 990-EZ; conflicts of interest and compensation; charitable giving rules; unrelated taxable business income; lobbying and political activity restrictions; nonprofit bookkeeping; and other key tax rules.
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Tax rules for your nonprofit -- stay legal and keep the IRS off your backYour nonprofit enjoys special privileges not available to other organizations -- but they come at a price. Nonprofits must comply with rules and regulations that don't apply to for-profit ventures. Every Nonprofit's Tax Guide explains these rules and what your nonprofit must do to maintain your tax-exempt status and avoid problems with the IRS. This practical, thorough, and easy-to-read book explains both ongoing and annual compliance requirements for nonprofits, including:rules for charitable giving and cash donationsForm 990 unrelated taxable business income annual IRS filings and disclosures property donationsbookkeeping basics working with independent contractors and volunteersrestrictions on lobbying and political activitiesPlus, the book also includes a chapter on the types of transactions that can get your nonprofit in hot water with the IRS.
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