Every Nonprofit’s Tax Guide: How to Keep Your Tax-Exempt Status & Avoid IRS Problems
- ISBN13: 9781413310658
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
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 your 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:
Plus, the book also includes a chapter on the types of transactions that can get your nonprofit in hot water with the IRS.
Order from Amazon Today —>Every Nonprofit’s Tax Guide: How to Keep Your Tax-Exempt Status & Avoid IRS Problems
I’m not running a non-profit. If I were I think I would not want this book to be my only information resource. In that regard I would consider it more of a ‘starter’ information source.
However, my purpose with this book is as an independent contractor who works for or with some non-profit businesses and organization. Why would I want this information research for that? So what I do in working for these businesses, or what I may recommend to them, doesn’t jeopardize their status. Not all those who run non-profits are necessarily experts or whizzes in areas of business or tax laws. I’ve seen some of the blunder into areas they should not and I, as an independent contractor, want to be as informed as possible so I’m not the one leading them astray on what is and isn’t acceptable practice. In that regard, I give this book the highest possible marks and will have it prominently placed in my business library.
Rating: 5 / 5
I own many Nolo Guides which are always very complete and well-thought out; this tax guide is no exception. I learned a lot about tax tips & tricks for non-profit’s. If you find yourself working with 501(c)3 Public Charities, this is a great guide for you to have on your reference shelf.
Rating: 5 / 5
Leanred many great things to maximize non-profit after tax returns. Great job from Nolo!
Rating: 4 / 5
This is an excellent book, well written and very informative and I highly recommend it for anyone who works with, for, or is a member of the board of any non-profit organization. I wish I had had this book in hand when I was working through the paperwork for setting up a non profit last year, as it has much information to smooth out the bumps and struggles of obtaining the original 501(c)3 status from the IRS.
Large non-profits with their legal teams & financial experts won’t need this book, but the small groups that struggle to get the donations they need to perform their work will find this book a fountain of information. It’s easy to read, easy to refer to specific sections (get out your stickies for reference tabs!) and is worthy of space on anyone’s desk if they work with non profit organizations. This book does much more than tell you check box c on page 14 of form xxx–it helps you understand why you would want to. Knowing what the requirements are is half of the battle–most non-profits struggle from lack of knowledge and the resulting errors to navigate IRS requirements in keeping their financial records in accordance with IRS standards. Filing the forms annually with the IRS is something that has many board of directors cringing in fear of a mistake that could cost them their current tax status, and this provides the information to eliminate the errors and those stressful sessions of completing paperwork.
This book is primarily focused on the more common public charity non-profit, although it is of benefit to all non profit organizations. If you are even thinking about setting up a non profit organization, this book should be at the top of your list of useful ones, and I wish I had had it before!
Rating: 5 / 5
I wish I had this book when I formed my first non-profit, as it would have helped me understand some of the more confusing issues. This is a simple book and is easy to read and understand. It contains helpful references to IRS publications and rules so that you can get more details if necessary.
Directors and officers of non-profits would be well-advised to get a copy of this book. In many cases, just casually flipping through the pages could provide some board members with a much needed education. In my experience many non-profits are doing something wrong. Some of them are doing a lot of things wrong. For the cost of a book and a couple of hours of time, a lot of major problems could be avoided.
Rating: 5 / 5