Every Nonprofit’s Tax Guide: How to Keep Your Tax-Exempt Status and Avoid IRS Problems

Tax rules for your nonprofit — stay legal and keep the IRS off your back Your nonprofit enjoys special privileges not available to other organizations — but they come at a price. Nonprofits must comply with rules and regulations that don’t apply to for-profit ventures. Every Nonprofit’s Tax Guide explains these rules and what your nonprofit must do to maintain tax-exempt status and avoid problems with the IRS. This practical, thorough, and easy-to-read book explains both ongoing and annual compliance requirements for nonprofits, including: ? – rules for charitable giving and cash donations – Form 990 – unrelated taxable business income – annual IRS filings and disclosures – property donations – bookkeeping basics – working with independent contractors and volunteers – restrictions on lobbying and political activities The book also includes a chapter on the types of transactions that can get your nonprofit in hot water with the IRS.