IRS Compliance Attorney Dallas
Ensuring Federal Tax Law Adherence
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 must file an annual tax return by submitting a completed copy of IRS Form 990.
This form is not only used by 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 help you accurately complete your Form 990 on time to stay within the IRS requirements for 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.
Handling IRS Form 990 is critical for maintaining transparency and accountability in nonprofit organizations. We understand that Form 990 not only reflects your financial activities but also highlights your commitment to compliance.
This comprehensive document requires detailed reporting of your revenues, expenses, and how funds are being utilized, which can impact donor trust. We offer guidance on specific sections such as public support tests and the governance checklist, making sure every aspect of your submission aligns with IRS expectations.
Contact us online or by calling (214) 865-7542 for your free consultation!
Federal Regulations for Lobbying & Political Campaigns
The IRS has strict regulations for nonprofits participating in political lobbying and campaign activities. To ensure that individuals cannot take advantage of tax-exempt status, these regulations must be adhered to in order to retain your 501(c)(3) tax-exempt status.
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.
FAQ: Federal Regulations for Lobbying & Political Campaigns
Can a 501(c)(3) nonprofit participate in political campaigns?
No, 501(c)(3) nonprofits are strictly prohibited from directly or indirectly supporting or opposing any candidate for public office.
What political activities are allowed for 501(c)(3) organizations?
Nonprofits may engage in non-partisan activities such as voter education programs, voter registration drives, and "get out the vote" efforts, as long as these efforts are unbiased.
What happens if a nonprofit violates IRS political activity regulations?
Violating these regulations can result in the loss of tax-exempt status, fines, or other penalties imposed by the IRS.
What is considered lobbying for a nonprofit?
Lobbying refers to activities that aim to influence legislation. Nonprofits can engage in limited lobbying efforts but must ensure that it is not a substantial part of their activities.
How can a nonprofit ensure compliance with IRS rules on political campaigns?
Nonprofits should establish clear internal policies, avoid any appearance of bias in political matters, and seek legal advice to stay in compliance with IRS regulations.
Beyond election years, nonprofits need to maintain detailed records of all advocacy efforts to guard against accusations of political bias. We assist organizations in formulating strategies that remain compliant with IRS guidelines, ensuring that advocacy actions do not inadvertently jeopardize tax-exempt status. Developing a compliance checklist for advocacy efforts can prove instrumental in navigating these complex regulations.
If you are concerned about maintaining compliance with federal tax requirements governing your nonprofit organization, contact our firm by calling (214) 865-7542 today and speak with an attorney in a free consultation.
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Share Your Vision with UsWe have over 30 years of experience in nonprofit formation and are here to help you achieve your vision.
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We Offer Flat Fee ServicesOur flat fees ensure that our services remain accessible to churches, charities and other nonprofits.
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We Provide Ongoing SupportOnce your nonprofit filing is complete, our job doesn't end. Our nonprofit formation services include 12 months of support and training for the board of directors to ensure you are fully prepared.
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