Tag: form 990

What about the Form 990? Q&A with ORBA's Jim Quaid

We may not think about it on a daily basis, but the Form 990 is an important part of the nonprofit sector! Jim Quaid, CPA, Director at Ostrow Reisin Berk & Abrams, Ltd. (ORBA) Certified Public Accountants, has some thoughts on common mistakes in completing the Form 990, and red flags that can be the... Read more »

As a small nonprofit -- did you file your Form 990?

IRS gives tax-exempt organizations a reprieve —  until October 15, 2010.   According to a recent IRS press release, “Small NPOs at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008, and 2009 can preserve their status by filing returns by October 15, 2010, under a one-time relief... Read more »

IRS Online Resources for Nonprofits

IRS Online Resources for Nonprofits
  At a recent meeting of the Nonprofit Academic Centers Council, the head of the IRS Tax-Exempt Educational Office presented some great resources for nonprofits. The IRS offers an amazing array of online materials on two websites: www.irs.gov/eo and http://www.stayexempt.irs.gov/.  These sites provide thousands of pages of resource materials for nonprofit organizations, churches and religious organizations. It is great if you... Read more »