Non-Profit Tax Preparation
Non-profit taxes can be complicated. Our experts make it easy.
Non-Profit Know-How
Our expert CPAs are familiar with state and federal laws that affect non-profits.
Non-Profit Filings
We help maintain your tax-exempt status by ensuring your filings and books are up to date.
Getting started is quick and easy.
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Schedule your FREE 30 Minute Call with one of our experts.
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Tell us about your non-profit organization's needs.
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We'll create a year-round tax strategy and match you with a tax advisor experienced in the non-profit sector.
Non-profit Tax Form 990
Form 990 is an IRS form used as the primary tool for gathering information about non-profits, educating organizations about tax law requirements, and promoting compliance.
Working with a professional CPA ensures your non-profit’s Form 990 is complete and accurate, helping you avoid IRS penalties and confusion among prospective donors and the general public.
Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. These organizations, except for those testing for public safety, are eligible to receive tax-deductible contributions in accordance with Code section 170.
Tax Services for Non-profits
- Expert Form 990 completion
- Public support test calculations
- Analysis of unrelated business income (UBI) taxes and UBI activities cost allocations
- Private foundation tax analysis
- Strategic tax planning
- Researching tax implications of alternative investments
- Organizational structure consulting
What deductible expenses can non-profit organizations claim?
Non-profit organizations can claim several deductible expenses related to their operations. Common deductions include operational costs, grant expenses, travel expenses, and office supplies.
How do I prepare a balance sheet for a non-profit organization?
The general equation used to calculate a non-profit's balance sheet, called a Statement of Financial Position, is "liabilities + net assets = assets." While it may seem simple, it's recommended that you work with a tax professional familiar with navigating financial reporting in the non-profit space.
For non-profits, it is not called a balance sheet; it's called a Statement of Financial Position. It’s similar to a balance sheet, but the name is different.
Can a non-profit business earn money income?
A non-profit organization can earn income, but the profits must not benefit private individuals internally, unlike a for-profit organization.
What is the due date for non-profit tax returns in 2024?
Non-profit tax returns are due May 15th each year unless that due date falls on a weekend. The modified date usually falls on the Monday after.
Do non-profits get a 1099?
If you’re non-profit used contract workers or vendors to work for your organization during the year, you must submit a Form 1099 to the IRS. If you have not utilized these services during the year, you do not need to submit a Form 1099.
Talk to Your Non-profit tax expert
Schedule a call whenever you have a question or need advice on how to file non-profit taxes, strategy and financial management, or anything related to your non-profit accounting needs.
