Elaine's Tax Tips for Nonprofits

On January 22nd, President Obama signed into law H.R. 4462, which allows taxpayers to claim a charitable contribution on their 2009 tax retu...

The holidays are upon us and soon it will be the end of the year. Now is a good time to turn your thought toward a couple of housekeeping i...

The IRS has released the draft of the 2009 Form 990. It can be located at http://www.irs.gov/ under their Draft Forms section. A quick re...

In a recent private letter ruling, the IRS issued a final adverse determination letter to an organization due to the extensive nature of per...

Larger organizations required to file an annual information return are well into the preparation process of the new Form 990 for 2008. Many ...

Ministers are allowed to opt out of Self Employment tax by filing Form 4361 with the IRS. There is a slim window of time during which a mini...

For tax exempt organizations, one of the little known IRS reporting requirements centers around foreign bank and investment accounts held by...