Nonprofit Taxes

 

A Better Solution | ABS CPA’s

Tax Preparation Solutions for Nonprofits

Our CPA’s are knowledgeable about the process used to properly manage the taxes of a Nonprofit organization. ABS requires its staff to stay up to date with all new tax laws for nonprofits. We provide your nonprofit with consistent updates on the changing laws so you can make internal modifications to receive improved tax outcomes. 

Providing clients with continuous communication is an essential practice for our company and is one of the many reasons that we are A Better Solution to managing taxes.

Tax Planning Solutions

Our CPA’s are well-versed on taxation for nonprofit organizations. Although an entity, usually a corporation, is organized for a not-for-profit purpose, 501(c)(3) nonprofit organizations are recognized by the IRS as being tax-exempt under charitable programs. However, there are some activities that a charitable nonprofit could be taxed on, typically an unrelated business activity that is not related to the nonprofit’s core mission or purpose.

Charitable nonprofits must apply to the IRS for 501(c)(3) status. It is not conferred automatically. Some charitable activities and groups choose not to apply because they are small or temporary. These charitable organizations want to be unincorporated nonprofit associations. Churches, religious organizations, and faith-based nonprofits are treated differently than “public” charities. For instance, they do not have to file annual tax forms.

In short, nothing is simple, especially when it comes to the U.S. Tax Code and nonprofit organizations, so rely on us to create A Better Solution for your nonprofit.

Taxation Services

Tax Compliance

IRS Representation

Tax-exempt status reviews

ASC 740 (FIN 48) reviews

Unrelated business income

Compensation & employee benefits