Telling the not-for-profit story through the Form 990

 

Sec. 6033 of the Internal Revenue Code requires most tax-exempt organizations to file an annual information return containing income, receipts, disbursements, and other information. This seems to be a straightforward requirement—not-for-profit organizations complete and submit a Form 990, Return of Organization Exempt From Income Tax, to the IRS for filing. Charitable organizations, however, can capitalize on this compliance requirement by using it to educate donors and market their organizations and programs. Consider these scenarios: – See more at: http://www.journalofaccountancy.com/issues/2016/dec/irs-form-990-for-not-for-profits.html#sthash.Dpp5I5He.dpuf

For the full story please visit the Journal of Accountancy.

 

Houldsworth, Russo & Company, P.C. is a public accounting firm providing assurance, tax, and consulting services to non-profit and government organizations, individuals and businesses.  Since 1996 HRC has provided quality service to the Las Vegas and surrounding communities through the active involvement of experienced, committed professionals. 

Material discussed in this blog is meant to provide general information and should not be acted upon without first obtaining professional advice appropriately tailored to your individual circumstances.