Every Nonprofit's Tax Guide: How to Keep Your Tax-Exempt Status & Avoid IRS Problems

By Stephen Fishman and Stephen J.D Fishman

NOLO
Publication date: November 2011

ISBN: 9781413316599

Digital Book format: ePub (Adobe DRM)

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Tax rules for your nonprofit -- stay legal and keep the IRS off your back

Your nonprofit enjoys special privileges not available to other organizations -- but they come at a price. Nonprofits must comply with rules and regulations that don't apply to for-profit ventures. Every Nonprofit's Tax Guide explains these rules and what your nonprofit must do to maintain your tax-exempt status and avoid problems with the IRS.

This practical, thorough, and easy-to-read book explains both ongoing and annual compliance requirements for nonprofits, 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

Plus, the book also includes a chapter on the types of transactions that can get your nonprofit in hot water with the IRS.