Nonprofit Tax
Nonprofit Tax
Tax-exempt organizations are held to an extremely high standard. They can expect donors, the government, the media, and the public to scrutinize their operations. Although nonprofits usually don’t pay taxes, they do prepare an annual informational return (Federal Form 990) to showcase how they use their funds to fulfill their mission.
Our Expertise
In-depth knowledge
We prepare nearly 900 IRS Form 990s annually. This experience means our CPAs fully understand tax-exempt organizations and their unique financial and regulatory demands.
Critical expertise
In the event that your nonprofit does have to pay some tax, we can help you achieve the best possible outcome. We’re also experienced at finding solutions for nonprofits whose tax-exempt status may be in jeopardy.
Reliable guidance
We can help your organization avoid possible fines or challenges to your nonprofit status by complying with IRS fundraising and lobbying regulations. We advise our clients on opportunities and risks throughout the year – not just during tax preparation. Our experts are involved on local, regional, and national levels to follow changes and keep our clients informed.
Nonprofit classification proficiency
We are experts in all nonprofit classifications, including 501(c)(3) public charity and private foundation. Each classification has specific requirements, including the need to prepare certain tax forms. Our clients depend on GRF to assist them in all these nuances and alert them to updates and opportunities.
Comprehensive support
In addition to preparing your Form 990, our nonprofit audit specialists can perform your financial statement, Uniform Guidance (single) or internal audit. With a full picture of your organization’s operations, we can also provide expert advisory services. We help you consider industry best practices and can oversee all aspects of your organization’s finances, if needed. We use both internal resources and long-time relationships with outside service providers.
Nonprofit Tax Services
Our team handles all aspects of nonprofit tax planning, tax-related regulatory compliance, tax analysis and more. We guide your organization through the myriad rules and regulations involved in maintaining its tax-exempt status, so you can focus on your important work.
We have the experience, expertise and depth of resources to assist your organization with its nonprofit tax needs, including:
- Expert Form 990, 990-T and 990-PF completion
- Public support test calculations
- Analysis of unrelated business income (UBI) taxes and UBI activities cost allocations
- Private foundation tax analysis
- Executive compensation and related reporting matters
- Strategic tax planning
- Analyzing tax implications of alternative investments
- Organizational structure consulting
- Compliance reviews of lobbying regulations and intermediate sanctions regulations
- IRS audit defense
- Exemption application assistance
- Third party tax return review
