
Every Nonprofit's Tax Guide
How to Keep Your Tax-Exempt Status & Avoid IRS Problems
- 481 pages
- English
- PDF
- Available on iOS & Android
About this book
The essential tax reference book for every nonprofit
Dealing with the IRS and its rules is the price all nonprofits pay in return for the substantial tax benefits they receive. Failure to comply with nonprofit tax laws can lead to dire consequences—revocation of your tax-exempt status or the imposition of taxes and penalties on your nonprofit or even on your officers, directors, or employees personally.
Fortunately, most nonprofits can handle IRS compliance tasks themselves or with minimal help. Every nonprofit organization needs this essential, all-in-one tax reference book to avoid common tax problems and issues. Every Nonprofit's Tax Guide contains step-by-step guidance on complex tax laws and regulations governing nonprofits.
This book explains how to file an annual information return with the IRS, the difference between employees and independent contractors, proper recordkeeping, the deductibility of charitable contributions, conflicts of interest, UBIT, lobbying rules, and more. With this comprehensive and thorough overview of nonprofit tax rules, you and your nonprofit can avoid IRS issues.
Turn to Every Nonprofit's Tax Guide whenever you have questions about IRS rules or nonprofit compliance issues. From ongoing compliance requirements to avoiding losing your tax-exempt status, this updated edition covers everything nonprofits need to know to prevent a run-in with the IRS.
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Information
Table of contents
- Cover
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- 1. Nonprofits and the IRS
- 2. Annual IRS Filings—Form 990Â
- 3. Record Keeping and Accounting
- 4. Volunteers, Employees, and Independent Contractors
- 5. Charitable Giving—The Basics and Cash Donations
- 6. Property Donations
- 7. Excessive Compensation, Sweetheart Deals, and Other Ways to Get in Trouble With the IRS
- 8. Nonprofits That Make Money and UBIT
- 9. Lobbying and Political Campaign Activities
- 10. Tax Credits for Nonprofits
- 11. Help Beyond This Book
- Appendix: How to Use the Downloadable Forms on the Nolo Website
- Index
- Book Registration