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![]( "Buchcover ISBN 9780471216704")
Hands-on guidance to help nonprofits through the tax filingmaze
Forms 990 provide a wealth of financial and programmaticinformation to enable government regulators, funders, journalists, and the interested public to measure a nonprofit's performance. Acopy of the forms must be provided to anyone who asks; charities'forms are now posted for public view on the Internet courtesy ofGuidestar. org. These forms are the most widely used tools forevaluating tax-exempt organizations. Schools, health and welfareorganizations, business leagues, civic associations, museums, parent groups, garden clubs, private foundations, and the myriad ofother nonprofit organizations recognized under section 501 of thefederal tax code must file this form annually. Clear, correct, andconcise preparation of Forms 990-EZ, 990, 990-PF, and 990-T isimportant, not only as financial documents, but also as a means ofcommunicating an organization's mission and accomplishment to thepublic.
Demystifying the Forms 990 for financial professionals andnonprofessionals alike, this user-friendly handbook walks youthrough the federal tax compliance process to assure maintenance oftax-exempt status. Blazek is widely recognized for her ability totranslate complicated concepts into understandable language andexplain the why and how Forms 990 should be prepared. In this book, readers will find:
* Comprehensive, fill-in forms with line-by-line instructionsincluding a synopsis of applicable tax issues
* Explanation of consequences of answers that can have severalconsequences
* Suggestions for dealing with the IRS as an organization grows andchanges
* Ways to maximize deductions in calculating tax due on unrelatedbusiness income
* Tips for successful navigation of the interactive parts of Form990-PF and reducing excise tax
Forms 990 provide a wealth of financial and programmaticinformation to enable government regulators, funders, journalists, and the interested public to measure a nonprofit's performance. Acopy of the forms must be provided to anyone who asks; charities'forms are now posted for public view on the Internet courtesy ofGuidestar. org. These forms are the most widely used tools forevaluating tax-exempt organizations. Schools, health and welfareorganizations, business leagues, civic associations, museums, parent groups, garden clubs, private foundations, and the myriad ofother nonprofit organizations recognized under section 501 of thefederal tax code must file this form annually. Clear, correct, andconcise preparation of Forms 990-EZ, 990, 990-PF, and 990-T isimportant, not only as financial documents, but also as a means ofcommunicating an organization's mission and accomplishment to thepublic.
Demystifying the Forms 990 for financial professionals andnonprofessionals alike, this user-friendly handbook walks youthrough the federal tax compliance process to assure maintenance oftax-exempt status. Blazek is widely recognized for her ability totranslate complicated concepts into understandable language andexplain the why and how Forms 990 should be prepared. In this book, readers will find:
* Comprehensive, fill-in forms with line-by-line instructionsincluding a synopsis of applicable tax issues
* Explanation of consequences of answers that can have severalconsequences
* Suggestions for dealing with the IRS as an organization grows andchanges
* Ways to maximize deductions in calculating tax due on unrelatedbusiness income
* Tips for successful navigation of the interactive parts of Form990-PF and reducing excise tax