Protect your Nonprofit’s Tax-Exempt Status
When was the last time you thanked the IRS? Well, now you can!
The agency recently made it a lot easier for charities to stay in the know when it comes to understanding tax issues. Visit the IRS website, Stay Exempt, 24/7 to access many different tax resources, including virtual training, official guidance, tax publications, educational resources, live training and workshops.
These resources offer opportunities for non-profit organizations and charities to understand fully how taxes work and gain insight to confirm and maintain your tax-exempt status. This easy-to-use website provides learning tools regarding tax rules and regulations, even if you don’t have an accounting degree.
On average, each course takes less than 30 minutes to complete, and the website even includes detailed instruction to guide you through the process. You’ll also find helpful courses covering requirements necessary to fully meet annual filing obligations.
Along with 501(c)(3) information, you can find courses referencing other 501 organizations, including veterans’ organizations, social clubs and fraternal establishments. A wide range of valuable topics are available through the courses:
- Applying for Section 501(c)(3) Status
- Maintaining 501(c)(3) Tax-Exempt Status
- Form 990 Overview Course
- Employment Issues
- Required Disclosures
Maintaining your tax-exempt status proves extremely important for the success of your charitable group. The convenient IRS online courses offer directors, board members and volunteers access to tools and valuable knowledge to continue preserving your organization’s exempt status.
More information can be found at the Tax Information for Charities and Other Non-Profits page on IRS.gov. If your organization has an accounting question, call (877) 829-5500, which is the Tax-Exempt and Government Entities toll-free line.
Listed below are some additional links which may be useful:
- Applying for Tax Exempt Status
- Revoked? Reinstated? Learn More
- EO Select Check
- Starting and Operating Charities for Disaster Relief
For additional information concerning tax guidelines that may affect your nonprofit, see IRS Publication 1828, Tax Guide for Churches and Religious Organizations.
At Online Stewardship Accounting and Consulting Services, we maintain a special commitment to faith- and community-based groups. We help you manage the business aspects of your nonprofit…so you can focus on your core mission.
Contact Lynn@OnlineStewardship.com or 904 398-4747.
