Navigating Nonprofit Tax Laws

Navigating the tax laws of a nonprofit is daunting. In this article by Cullinane Law Group, Mollie Cullinane discusses the necessary IRS forms nonprofits are responsible for filing. As a nonprofit, you want to fully disclose your mission, programs, and finances to the public, as a means to gain credibility. Proper reporting to the IRS makes this an easy task.

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Navigating Nonprofit Tax Laws

Most nonprofit tax-exempt organizations are required to file annual tax returns with the IRS. Even though most tax-exempt nonprofit organizations do not pay federal taxes (that is what “tax-exempt” means), most do have to file an informational return with the IRS. This annual reporting return is called a Form 990.
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