We make tax compliance less taxing
Nonprofits are normally not subject to tax on income derived from activities carried on as part of their exempt purpose. Nevertheless, most non-profits are required to file an annual information return with the IRS to provide transparency regarding the organization’s activities. The purpose of this filing is to prevent abuse of not-for-profit status and provide donors with information about the organization’s financial status and operations.
YHB offers a full range of tax form preparation, filing and advisory services for nonprofit organizations. Our extensive experience in working with schools, colleges, universities, churches, associations, arts organizations, foundations, and other tax-exempt entities enables us to efficiently and cost-effectively prepare required forms and assist with related issues. Our active participation in national and state CPA societies ensures that we are fully familiar with the latest IRS reporting requirements for nonprofit organizations.
We would welcome the opportunity to help your organization with these and other tax-related services:
- Preparation of Forms 990, 990PF or 990T
- Assistance in preparation of Forms 1023 and 1024
- Special tax filings
- Review of possible Unrelated Business Income Tax (UBIT) activities