Non-Profit Tax Returns: Compliance Tips and Best Practices
Non-profit organizations play a vital role in addressing societal needs, fostering community development, and advocating for change. But, just like any organization, non-profits have tax obligations, particularly with the IRS. Filing tax returns for a non-profit can be a complex process, with many requirements that vary depending on the organization's size, purpose, and revenue. Failing to meet compliance standards can jeopardize a non-profit's tax-exempt status.