Posts

IRS Correspondence: Real or Fake?

Since correspondence season is in full swing which means the…

10 Best Practices for Internal Audits

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An internal audit benefits your organization in many ways.  Take…

3 types of donations and how to handle them

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I want to share a recent question that frequently comes up in…

Q&A for Filing Form 5500

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As you prepare to file Form 5500 by the July 31 deadline, here…

5 Reasons Why a 501(c)(3) is a Good Idea for Churches

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Many churches view having a 501(c)(3) as being ‘worldly.’…

Be on the Lookout for Excess Benefit Transactions

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When transactions occur that are unrelated to direct payment,…

Financial Transparency for Schools

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One of the purposes of the Form 990 is transparency for nonprofit…

June Tax Reminders for Pastors

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2013 is flying by, and deadlines can sneak up on you. Be ready…

New (and Old) Rules for Home Offices

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While simplifying the filing procedure to claim a home office…

What to do if tax exempt status is revoked

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I received a question from Brenda in Michigan, and I think that…