Every Nonprofit's Tax Guide: How to Keep Your Tax-Exempt Status & Avoid IRS Problems (Every Nonprofit's Tax Guides)

Cover
Title Page
Table of Contents
Introduction
1. Nonprofits and the IRS
	What Do We Mean When We Say “Nonprofit”?
	The Life Cycle of a Nonprofit
	IRS Audits
2. Annual IRS Filings—The Form 990­
	The Nuts and Bolts of the Filing Process
	The 990-N Postcard Filing—As Simple as It Gets
	Form 990-EZ: The E-Z Way Out
	Form 990: Just Hold Your Nose and File It
	Letting the Public See Your Report Card: Disclosure of Form 990
	Notifying the IRS If You Terminate, Merge, or Contract Your Nonprofit
	What to Do If the IRS Has Revoked Your Nonprofit’s Tax-Exempt Status
3. Record Keeping and Accounting
	Why Keep Financial Records?
	What Does the IRS Require?
	Do You Need an Independent Audit?
	Minding the GAAP
4. Volunteers, Employees, and Independent Contractors
	Volunteers—The Backbone Workforce of Nonprofits
	Reimbursing Your Volunteers—Know the Rules
	Unreimbursed Volunteer Expenses
	Benefits and Freebies—How to Show Your Appreciation Tax Free
	Paid Help: Employees and Independent Contractors
	Hiring Independent Contractors
	Hiring Employees
	Affordable Care Act (ACA) and Nonprofit Employers
5. Charitable Giving—The Basics and Cash Donations
	Your Role as a Nonprofit
	Threshold Requirements for Deducting Donations
	Annual Ceilings on Charitable Deductions
	What Can a Donor Contribute?
	When Is a Contribution Made for Tax Purposes?
	Special Gifts—Earmarked, Restricted, and Conditional
	If Your Nonprofit Provides Goods or Services
	Cash Contributions
	Cash Gifts From IRAs
	Interest-Free Loans
	Quid Pro Quo Contributions
	Charity Auctions
6. Property Donations
	Annual Deduction Limit for Property Donations
	Valuing Property Donations—An Art, Not a Science
	Different Types of Property Donations
	Documenting Property Donations
7. Excessive Compensation, Sweetheart Deals, and Other Ways to Get in Trouble With the IRS
	A Nonprofit Is Not a Personal Piggy Bank
	The IRS Intermediate Sanctions Minefield
	Transactions With Disqualified Persons—How to Avoid Problems With the IRS
	Excessive Compensation for Services: The Most Common Excess Benefit
	Correcting and Reporting Excess Benefit Transactions
	The IRS’s Sentence of Death: Revocation of Tax-Exempt Status
8. Nonprofits That Make Money and UBIT
	What Is UBIT?
	Activities Exempt From UBIT
	Do You Owe UBIT?
	Calculating UBIT With Multiple Business Activities
	Filing UBIT Tax Returns
9. Lobbying and Political Campaign Activities
	Lobbying by Nonprofits—What’s Allowed and What’s Not
	Political Campaign Activities—An Absolute Ban
	Getting Around the Restrictions
10. Tax Credits for Nonprofits
	Tax Credits for Nonprofits with Employees
	Energy-Related Tax Credits
11. Help Beyond This Book
	Help From the IRS
	Other Helpful Publications and Websites
Appendix: How to Use the Downloadable Forms on the Nolo Website
	Editing RTFs
	List of Forms
Index
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