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How to Avoid Paying Personal Taxes on Your Nonprofit’s Donations An important benefit of having a properly structured nonprofit is that you will be able to get tax-deductible donations. Even if you are planning on funding your nonprofit yourself, this is still a good feature to have. Doing this will help you avoid paying personal…

How Much Nonprofit Attorneys Cost & How to Afford Them How much will you have to pay to hire a nonprofit attorney to form your 501c3 nonprofit for you? The answer is it depends. Different nonprofit attorneys have different rates based on their success rate, experience, and the benefits that are included in their packages.…

How to Avoid Losing Your Nonprofit by Keeping up with Annual Returns In 2011, the I.R.S. announced that it had revoked the tax-exempt status of over 275,000 nonprofits due to failure to file an annual filing in compliance with the Pension Protection Act of 2006. This Act changed the reporting requirements for small nonprofits and gave…

3 Things You Should Do Before Accepting Major Donations A good way to protect yourself and the reputation of your nonprofit is to make sure you are handling donations that you receive for your nonprofit properly. Here are the three things you should do before accepting major donations: The IRS only requires that you give…