While tax season is over for many taxpayers (except those of us still on extension), tax-exempt organizations still have to file. The filing deadline for many tax-exempt organizations is May 15, 2024.

The due date for many tax-exempt and charitable organizations is the 15th day of the 5th month after the end of the accounting year. For an organization with a December 31 year-end, that’s May 15.

To be eligible for the employee retention credit (ERC), a tax-exempt organization must apply a reasonable, good-faith interpretation of the controlled-group rules under Sec. 52, and that ...

What Is Form 990: Return of Organization Exempt From Income Tax? Even organizations exempt from paying federal income tax must report their activities annually to the Internal Revenue Service (IRS).

In case you forgot, Tax Day is April 15 this year — and it’s quickly approaching. Gathering and saving receipts and tax documents is an important part of filing taxes and receiving your refund quickly ...

It’s time for a more efficient approach to your tax returns. Start by trading in your shoebox for a scanner. Next, follow these guidelines to help avoid the dreaded IRS audit. Ditching your boxes full ...

Whether you take the standard deduction or itemize deductions, most people filing their 2022 taxes in 2023 will be happy they took the time to prepare when the IRS deadline rolls around. Review which ...