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Get Premium Support to File Your e-Postcard 990 Form

Attention!!! first or regular time tax filers out there, we hear your queries. Yes, as a first-time tax filer you may have a lot of uncertainties, which is a common factor and do not hesitate to contact us to get premium support to file your Form 990. Additionally, regular tax filers, we are happy to extend the premium services to you as well if you have multiple queries when you file your Form 990 and if you...

Tax Exemption Requirements for Nonprofit Organizations

Firstly, let’s learn what it means to be a non-profit organization and staying tax-exempt. In any type of society, there are certain rules that every citizen has to follow without fail. The reason to follow all the rules and regulations and their creation is to help run everything smoothly. Maintaining all these rules certainly benefits every individual in a lot of ways. Similarly, organizations, institutions, and corporates are part of this community as well. This means they also...

How To File Extension Form 8868 Online – 8868 Extension

May 15 is marching very fast and many organizations are busy in filling their form 990-N. But are you worried that you cannot make the form 990-N before the due date?  You might have forgotten the 990-N extension option in between your busy schedule. So what? We are here to remind you and make your extension happen. Next question that may arise from you is, how can I make an extension with Form 8868 online? Just read...

Keeping Your Nonprofit Compliant with the IRS – Etax990n

There are many nonprofit organizations who are not aware of the whole thing that takes to stay in compliance with the IRS requirements. Later those nonprofits will receive the dreaded “status revoked” letter through the mail. When you are not sure whether your nonprofit organization is in a good position, then this article is a must-read for you. Why did Nonprofits need to be Compliant? Nonprofit compliance laws are in place in order to safeguard the public...

Difference between Nonprofit and Tax-Exempt Status

The terminologies “Nonprofit” and “Tax Exempt Status” used to define the professional and trade associations is often confusing. It is necessary to clarify both of the two key terms. Organizations are usually controlled and operated as both tax-exempt and non-profit entities. The status of the non-profit refers to the incorporation status under the law of the state, and the tax-exempt status states to the federal income tax exemption under the Internal Revenue Code (IRC). What are the Differences between...

Major Tips to Avoid Charity Tax Deductions Scams

There are many individuals and groups those are pretending to be charitable organizations. These fake organizations are active during the tax seasons in order to attract donations from Americans who are looking for some tax reduction. According to the IRS, these are turned out to be Dirty Dozen Tax Scams for the 2017 filing season. IRS Commissioner John Koskinen said that Fake charities set up to steal the money or personal information are a recurring problem. The...

Tax Differences Between Nonprofit Types | Etax990N

Nonprofit organizations are meant to forward various beliefs, ideas, and initiatives, which are based on a group of individuals or individuals. These organizations are the contrast to the business entities or business, that transfers a certain percentage of its profits to its shareholders or private ownership. Differences between Nonprofit Types The IRS tax code Section 501 (c) summaries the necessities for non- profits, regulates how they interact with the Internal Revenue Service (IRS). The below list of...

Which Form 990 Series You Need To File for your Tax Exempt Organization

Do you know the Form 990 series return for the tax year, which is to be filed by the organizations? The 990 filing thresholds for the tax year is given below for all the organizations that are required to file 990 series return. Form 990 series need to be filed by most of the tax-exempt organizations, except government-affiliated organizations and churches. Form 990 serves as a primary tool for IRS to gather the information about the tax-exempt organizations....

Types of Tax-Exempt Organizations – Etax990N

Tax exemption is a reduction in the taxes, which is usually enforced on the individuals and organizations by state and federal governments. To attain a tax-exempt status, an organization should meet certain criteria that are defined by the U.S Internal Revenue Code (IRC). Organizations that receive tax exemptions from the taxes under the IRC are churches, trusts, charities and any other organizations which are functioned for the tax-exempt purposes. Let us check various types of organization which...

Major Changes Coming for Tax-Exempt 8868 Extension (990n Extension)

In regulation released in January 2017, the Internal Revenue Service started a new extension procedure for the organizations that are required to file Form 990, “Return of Organization Exempt from Income Tax”. Tax Exempt Organizations that need an extension at present must file a “single ”IRS 8868 Form to request the automatic six-month maximum extension of time in order to file the annual tax return. Earlier, the Tax Exempt Organizations proposed to avail a full statutory extension period,...