Tag Archives: Non-Profit

IRS Online Search Tool for Easier Check on Information About Exempt Organizations

Courtesy of the IRS WASHINGTON — The Internal Revenue Service has launched a new online search tool, Exempt Organizations Select Check, to help users more easily find key information about tax-exempt organizations, such as federal tax status and filings.

The Magic Number

Today TaxMama hears from Bill in the TaxQuips Forum, who is carrying a heavy load. “My wife and I pay almost $150k per year in Federal taxes and another almost $50k in state income taxes with most of it coming from W2 earnings.  I’m really tired of paying this much money to those in government […]

Independent Contractor Option

Today TaxMama hears from Dianne in California with this question. “I am a contracted bookkeeper for a non-profit group in CA. One of my contractors has accepted employment with the same organization in a position that is typically paid through payroll, but wants to continue to be paid using the 1099 method. Is this going […]

Non Profit Interest

TaxMama s Tax Quips Non Profit Interest – 6/19/08 – Thursday Today TaxMama hears from Roger in North Carolina who needs to know “If a Non-Profit Organization (501C3) has a certificate of deposit, is the interest taxable?”

New Non-Profit Organization Reporting

Yesterday, I was privileged to attend a telephonic press briefing as IRS introduced their new proposed format for the Form 990, Return of Organizations Exempt from Income Tax, the form filed by many public charities and other exempt organizations. As I say, it’s just a discussion draft, open for public comment. The draft form and […]

Non-Profit Kids

Today TaxMama hears from Deb in the Tax Parlor who says, “Our PTA finished up our 990EZ form and sent it home with the PTA President’s son to get her signature on it and mail it . But it sat in his bookbag for a couple days before she found it. To make a long […]

Freelance Project

Today TaxMama hears from Melissa in the Tax Parlor, who tells us , “Hello! I am a real estate agent (independent contractor) and I was just offered a very part time consulting position for a local non-profit neighborhood organization. I will be researching the neighborhood real estate market and reporting back to the non-profit. This […]

Americas Cup

Today TaxMama hears from Chad in Aukland, NZ, “I’m trying to organize the purchase of a “vintage” America’s Cup sailing boat to participate in some regattas in the Bay Area. I would be the skipper, acting on behalf of the owner. He wants to be able to write off a large portion of the expense. […]

Donating a Home

Today Shelly from Baltimore, MD tells us, “I work for a non-profit organization. Someone recently expressed an interest in donating their home to us to use for office space, IF they could work out a favorable result with the IRS. My question is: can you donate real estate as a charitable contribution like you can […]