Pro Bono Partnership of Atlanta
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In tough economic times lots of tax exempt organizations turn to alternative ways of raising money. But being creative may mean problems with the IRS. Learn the rules dealing with unrelated business income tax, debt-financed income and joint ventures with for-profits. Please note that in addition to the legal disclaimer above, this article contains information …
If you are doing business under a different trade name than your organization’s legal name, you probably need to fill out a “Doing Business As” (DBA) application. Here are the steps you will need to take to successfully fill out and submit your DBA application in Georgia. DBAs
This is our own Georgia-specific source on best practices for corporate governance and compliance with the IRS guidelines for 501(c)(3) organizations, tax reporting and state filings. The best methods to keep your 501(c)(3) exemption. Staying Legal
Recent developments make it even more important to have directors on your board who are independent and unaffiliated with your day to day business. This article explains exactly what that means to you, and why you may need to take action. Please note that in addition to the legal disclaimer above, this article contains information …
Because you are a nonprofit the Internal Revenue Code puts limits on how much you pay your executives. Learn more here to avoid stepping over that line. Please note that in addition to the legal disclaimer above, this article contains information that is based, in whole or in part, on the laws of the District …
This e-alert sets forth the IRS rules about what information you must make available for public inspection, such as your Form 990s and 1023 form. Please note that in addition to the legal disclaimer above, this article contains information that is based, in whole or in part, on the laws of the District of Columbia. …
Did you know that your nonprofit status means that your organization is not allowed to participate in campaigns and certain political activities? Read about it here to avoid this common pitfall. Please note that in addition to the legal disclaimer above, this article contains information that is based, in whole or in part, on the …
The IRS prohibits every 501(c)(3) nonprofit from paying its officers, directors and other insiders too much for any goods or services they provide to the organization. Nonprofits that do not follow these rules, and any officer or director who approved an excess payment, may be subject to taxes, fines and other penalties. This article will …
Private inurement (using charity’s income or assets for personal use) is prohibited by the IRS. Learn more about this important restriction and suggestions on how to protect your 501(c)(3) status. Private Inurement
Even if your organization already has its 501(c)(3) status, the IRS can still take it away unless you do the right things. This guide covers activities that may jeopardize a charity’s exempt status, tax returns or notices that must be filed, recordkeeping, changes to be reported to the IRS, required public disclosures and resources for …
Your 501(c)(3) tax-exempt status only applies to Federal income taxes. It doesn’t make you automatically exempt from State of Georgia income taxes. Find out how to make sure you are covered. State Income Tax Ememptions
Does your organization generate income from activities, including fundraising, that are not directly related to the basis of the organization’s exemption? The IRS has special rules for tax on that income that you need to know. Tax on Unrelated Business Income
Even though you are a “tax-exempt” organization, there are still taxes you have to pay. This article and chart tell you what taxes may apply to your organization. Taxes for Tax Exempt Organizations
Updated June 2023 Form 1023 or Form 1023-EZ is the application an organization uses for the IRS to issue a determination letter or ruling letter that recognizes an organization’s exemption from federal income tax. Form 1023 Form 1023-EZ
Are you interested in Applying for 501(c)(3) Tax Exempt Status? This informative booklet from the IRS answers questions such as why you should apply, who’s eligible, how to get started, and what responsibilities come with the status. 501c3 Tax Status
Is a nonprofit organization really right for you? This publication will walk you though the questions you should be asking yourself early in the process. From your reasons and incentives at the beginning, through the basic steps to structure your organization, this will help you to make some good decisions and choices before you get …
Your board needs to vote to approve a major contract but the next board meeting is in two months. Can the board vote by email or another electronic means? Under Georgia law, a board can take action without a meeting (including by taking an electronic vote) provided that all of the directors consent by voting …
What are your obligations as an employer when it comes to providing health insurance coverage to former employees? This article will help you understand the requirements under Federal law (COBRA) and Georgia law. Find out whether your nonprofit is governed by COBRA or state continuation coverage and determine whether you have to offer coverage and …
Once you get your 501(c)(3) status from the IRS, your paperwork has just begun! Federal, state and some local governments require that you file additional forms; some filings are one-time-only and others are required on a regular basis. Our new guide will help you determine whether you are current on the filings usually required of …
When working with children, nonprofit employees and volunteers should always be mindful of the possibility that a child has been or is currently being abused. Anyone who suspects child abuse is encouraged to report such abuse to the authorities, but did you know that certain individuals are required by law to do so? If you …
The economy has hit nonprofits hard with more people to serve and less money with which to serve. In some cases, the best option may be for nonprofits to combine. During this one hour webcast, our speakers help nonprofits understand: The different ways to combine nonprofits The steps for combining nonprofits The advantages and disadvantages …
No nonprofit leader wants to get the news that an employee has been injured on the job. Your first reaction is concern for the health and well-being of the employee. But you must also consider the implications of the injury on the organization as a whole. Can the nonprofit be sued for the injury? Who …
For organizations that operate on a December 31 year end, it’s time to start thinking about filing your annual return with the IRS. Organizations that have received 501(c)(3) status from the IRS are required to file returns with the IRS every year. Which annual return or notice must be filed generally depends on the economic …
Many nonprofits want to expand beyond the “home office” by setting up chapters or affiliates in other cities. First, a nonprofit should consider whether expansion is a good idea for the organization. Next, a nonprofit should determine what options for expansion work for it. During this one hour webcast, our speaker: Identifies the various issues …