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

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

By:Fishman, Stephen
Publisher:NOLO
Print ISBN:9781413316377
eText ISBN:9781413316599
Edition:2
Format:Reflowable

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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.
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