Category Archives: non-profit

Annual Electronic Filing Requirement for Small Exempt Organizations — Form 990-N

Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less are required to electronically submit Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990EZ. Form 990-N must be completed and filed electronically. There is no paper form. Form 990-N filers may choose to file a complete Form 990 or Form 990-EZ instead… Read More »

Social Clubs and 501(c)7 Tax Exempt Status

What are Social Clubs under IRS Rules? Social clubs are organized to provide pleasure or recreation to your members. Many different types of organizations may fall into this category. Typical examples include country clubs, college fraternities and sorority, dinner clubs, hobby clubs, golf and tennis clubs, swimming clubs, and amateur sport clubs. But that by… Read More »

IRS Form 990 Tax Exempt Organizations

As you probably know, the Form 990 is the information return that most large tax exempt organizations file with the IRS each year. There are variations such as the Form 990-PF for private foundations; the short form, 990-EZ for mid-size organizations; and the Form 990-N e-Postcard for smaller organizations. This article uses terms like Form 990-series… Read More »

What is IRS Form 1099-G?

Form 1099-G is an information return that is used by federal, state and local government entities to report certain payments. You’re required to file and furnish Form 1099-G if you made the following types of payments: unemployment compensation; state or local income tax refunds, credits or offsets; ATAA and/or RTAA payments; taxable grants; agricultural payments;… Read More »

Additional board member Compensation allowances

Is reimbursing members for their mileage to board and/or committee meetings taxable if held on-site? The answer is that commuting is defined as travel between home and work and is considered an employee’s personal expense. And therefore If the government entity reimburses a board member for commuting, that reimbursement is taxable to the board member… Read More »

FICA Replacement Plans and Government Employees

Before we discuss FICA Replacement Plans, it may be helpful to discuss the ways in which a government employer and their employees do participate in Social Security and/or Medicare.   What is a Government Employer for FICA? A government employer (when serving as the “Common Law” employer), is responsible for the appropriate social security and/or Medicare coverage. … Read More »

What are IRS 501(c)(4) Organizations?

Nonprofit status is a state law concept. An organization usually becomes a nonprofit under state law by filing organizing documents with the state, such as Articles of Incorporation, which indicate the organization is formed under the state’s Nonprofit Corporation Act. Nonprofit status may make an organization eligible for certain benefits, such as exemption from property,… Read More »

Information about Schedule K (Form 990)

Schedule K is used by 501(c)(3) organizations to report on their tax exempt obligations. The Internal Revenue Code permits tax exemption for the interest paid on qualified 501(c)(3) bonds as long as the bonds also meet the other requirements in the code applicable to this type bond.   Filing Form 990 Under Section 6033 of… Read More »