Issue No. 10
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New 1023-EZ Form Makes Applying for 501(c)(3) Tax-Exempt Status Easier; Most Charities Qualify


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The Importance of Cost Allocations 

What's a Donor's Perception of Your Organization? 

A donor's perception of your organization is very important in making the decision on where to contribute their hard earned dollars. It is useful to think about how donors view your non-profit organization. Some questions donors may consider include the following:

Read more 
How to Protect your Organization's Tax-Exempt Status     

Although it is not common to have a tax-exempt status revoked, it does happen. Decrease the chance that your organization's tax-exempt status could be revoked by following these rules:  Read more 

Are Exempt Organizations Exempt from Form 1099 Requirements?      

The requirements for preparing and filing information returns, such as Federal Forms 1099 and W-2, apply to all businesses, including Exempt Organizations. In fact, on page 5 of the Form 990, Return of Organization Exempt from Income Tax, there are questions that must be answered as to the number of Forms W-2, W-2G and 1099 that the Organization has filed. Most people are familiar with the Form W-2, as they anxiously await this form from their employer each year, to file their individual income tax returns. But some Organizations are also required to file Forms W-2G. For example: Read more 

We hope you had a great holiday season and as your organization is strategizing this new year, we hope you think of us for guidance. We trust that our articles are helpful to you and your organization and encourage you to contact us with any questions. Please forward this message to friends and associates, and please don't hesitate to call us at (908) 782-7900 or email info@bkc-cpa.com
  
Sincerely,