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
|