Non Profit Tax filings
Non Profit Organization tax returns are also notorious for being both complicated and tedious. Over the recent years they have come into considerable scrutiny by the IRS. Our Next Level Tax professionals go over each transaction, we classify and report it appropriately enabling your accurate filing of your tax returns.
If you're starting a new not-for-profit organization, we can help you prepare your organization's 501 (c)(3) application for tax-exempt status. Here's what's needed,
- Articles of Incorporation containing the Exempt Purpose Statement as described in IRS Code section 501(c)(3) and defined in Treasury Regulation 1.501(c)(3)-1 Paragraph d and the Dissolution Statement described in Treasury Regulation 1.501(c)(3)-1 Paragraph b subparagraph 4 ("Organizational Test")
- Employer Identification Number
- By-laws of the Organization
- Minutes of Board Meetings
- Names, Addresses, and Resumes of Board Members
- Names and addresses of all Active Members
- Inventory of Assets like cash, furniture, equipment, property, pledges
- Inventory of Liabilities like mortgages, accounts payable, loans.
- Revenue and Expense Statement for the last four years or as far back as possible if your organization has been in existence for less than four years
- Organization Mission Statement or Statement of Faith or Beliefs for Churches and other Religious Organizations
- Organization Activities, Operations, and Programs Documentation including your statement of purpose & operations, food programs, fundraisers, flyers/brochures/pamphlets
- Financial Support Documentation including all sources of revenue like contributions, tithes, offerings, fundraisers
- Fund Raising Program Descriptions
- IRS Processing/Filing Fee