
Every Nonprofit's Tax Guide: How to Keep Your Tax-Exempt Status & Avoid IRS Problems
Roughly 1.4 million 501 (c) (3) organizations are operating in the U.S. And, according to recent data, the nonprofit sector is growing, with the number of registered public charities having jumped over 30% between
May 2000 and May 2006. All of these non profits enjoy special privileges not available to other organizations-but not without a price; each must comply with a set of special rules and regulations.
"Every Nonprofit's Tax Survival Guide, " explains these rules and what non profits must do to maintain their tax-exempt status and avoid problems with the IRS.
Practical, thorough and easy-to-comprehend, the book explains both ongoing and annual compliance requirements for non profits, including: rules for charitable giving and cash donations Form 990 unrelated taxable business income annual IRS filings and disclosures property donations bookkeeping basics working with independent contractors and volunteers restrictions on lobbying and political activities, and more, including a chapter on specific transactions that can get non profits in trouble with the IRS. |