Compliance with Federal Tax Law
Nonprofits & IRS Form 990
While nonprofit organizations such as churches, public charities and other
private organizations hold certain exemptions from tax requirements, they
are required to periodically file key federal and state informational
reports and tax returns. Every year, nonprofit organizations are required
to file an annual tax return by submitting a completed copy of IRS Form
990. This Form is not only for the use of the IRS but is also used to
inform the public about the financial activity of a nonprofit organization.
Federal regulations of nonprofit organizations state that an organization
must be prepared and willing to provide the three most recent Forms 990
to anyone who requests them.
At Perliski Law Group, we are able to help you accurately and properly
complete your Form 990 on time so that you stay within the IRS requirements
of a nonprofit organization. Furthermore, our services include providing
assistance in maintaining your tax exempt status by ensuring that your
operations, activities and purpose remain true to your original mission.
Federal Regulations for Lobbying & Political Campaigns
The IRS also has strict regulations for nonprofits participating in political
lobbying and campaign activities. In order to ensure that individuals
cannot take advantage of tax exempt status, these regulations have been
put in place and must be adhered to in order to retain your 501(c)(3 tax
During an election year, nonprofit organizations are severely limited concerning
participation in political campaigns. In fact, corporations granted tax
exemption as nonprofits are completely prohibited from either indirectly
or directly acting on behalf of a candidate running for public office.
However, certain non-partisan activities may be allowed, depending on the
circumstances. Examples include:
- Non-partisan voter educational programs and publications
- Non-partisan voter registration and "get out the vote" drives
Any evidence of bias concerning an election or lobbying effort may jeopardize
a nonprofit's standing with the IRS.
If you are concerned about maintaining compliance with federal tax requirements
governing your nonprofit organization,
contact our firm today and speak with an attorney in a free consultation.