How do I file taxes for my non-profit organization?
An example of an AI chatbot conversation about filing taxes for non-profits.
How do I file taxes for my non-profit organization?
Filing taxes for a non-profit involves several steps. First, ensure your organization is registered as a 501(c)(3) or similar. Then, you'll need to gather your financial records for the year.
What forms do I need to fill out?
Typically, non-profits file Form 990, which provides information about your organization's activities, governance, and finances. Depending on your revenue, you might need to file a shorter version, like Form 990-EZ.
Are there any deadlines I should be aware of?
Yes, the deadline for filing Form 990 is the 15th day of the 5th month after the end of your fiscal year. For example, if your fiscal year ends on December 31, the deadline would be May 15.
What if I miss the deadline?
If you miss the deadline, you may face penalties. It's best to file as soon as possible and consider applying for an extension if you anticipate delays.
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