City of Auburn Hills’ Post

#FAQFriday Are there tax benefits to completing a roof restoration? For nonprofit organizations there may be no tax benefits as organizations classified as nonprofit do not pay taxes. Whereas profit making companies may be eligible for deduction over a one to four-year cycle if your project is classified as maintenance. Always consult your tax professional for precise information relating to your situation.

Not only is it Mini-Course Monday...It's also Tax Season! Don't lose your nonprofit status due to negligence or ignorance this year. Learn how to file the appropriate state and federal tax forms with confidence and ease. Watch this mini-course to get started: https://bit.ly/3OpE3to

Firm Partner, Joel Crouch is speaking today at the 2024 Tax Alliance Conference in Plano, TX. He is presenting, "Recent Important Cases & Legislation." The Tax Alliance Conference provides intermediate to advanced continuing education to tax professionals held in the Dallas, Texas area at an affordable cost. It is a non-profit, volunteer organization offering practical tax training to enrolled agents, CPAs and attorneys from both the private sector as well as the Internal Revenue Service. Click here for more information: https://taxalliance.org #IRS #TaxLaw #Legislation #TaxTips #Speaking #Conference #ContinuingEducation Tax Alliance Conference

Simplify your nonprofit tax extension filing with ExpressExtension⬇️ https://bit.ly/3nYMDS2 #8868form #expressextension #File990extension

Not only is it Mini-Course Monday...It's also Tax Season! Don't lose your nonprofit status due to negligence or ignorance this year. Learn how to file the appropriate state and federal tax forms with confidence and ease. Watch this mini-course to get started: https://bit.ly/3OpE3to

Need to file a nonprofit tax return for a previous year? With Tax990, it's no problem! Get started now and stay IRS compliant! Visit: https://bit.ly/3uYBQe0 #990TaxFiling #Efile #PriorYearFiling #TaxTips

Unlock nonprofit tax filing! Join Galloway Tax Express new nonprofit tax Form 990 webinars, every 1st Wednesday from Oct '23 to Feb '24. Let's simplify taxes! 🌟 #GTEwebinars https://lnkd.in/etyhkg2s #Form990filing #Nonprofittaxcompliance #Taxexemptstatus #StorytellingthroughForm990 #Nonprofitresponsibilities #IRSfilingrequirements #Webinarsfornonprofits #Maintainingtaxexemptstatus #GallowayTaxExpressguidance #Nonprofittaxeducationopportunities

Know the compliance rules about the federal taxes for nonprofits. If you received thousands or you received nothing you must file a 990 tax form with the IRS every year. If you do not file for three years the IRS will revoke your tax exempt status. Businology is all things nonprofit. Let’s talk!!!

5 Important Tax Fundamentals Every Nonprofit Should Know

The tax filing deadline has passed for most of us, but not for all. For example, the IRS is reminding tax-exempt entities that they must file their 2023 returns by May 15. Those who can’t meet that deadline may seek a six-month extension. Many of the Form 990 series returns and Form 4720 (for private foundations) must be filed electronically. The IRS also reminds tax-exempt groups that they must guard their exempt status by following tax law and IRS regulations, or risk losing their ability to receive tax-deductible donations. One of the ways an organization can lose its tax-favored status is by serving private interests rather than public. Here’s more from the IRS: https://bit.ly/3Lr0Vrg