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Non-for-Profit Income Tax Return Filing and 990 Filing
Most charitable non-profit organizations are tax-exempt organizations that are they do not pay federal tax. But in order to have a tax return, these organizations have to file for an annual tax return with the IRS. Moreover, they have to file an informational return with the IRS, this sort of reporting is called 990 filing or 990 form.
It is said that most small tax-exempt organizations with a gross $50,000 income are encouraged to file 990 form with the IRS. Whereas, the following non-profits have to file for 990 form:
Harlem CPA provides a thorough and detailed process of Non-for-profit income tax return filing and 990 filing to its clients.
There are consequences for the organizations who fail to file the form on time. The consequences may include penalties for late filing and income tax liability.
Harlem CPA is a good choice for the job and the following bullets can prove our case:
If you think we are the one for the Non-for-profit income tax return filing and 990 filing then feel free to contact us anytime.