How does the US Patriot Act affect nonprofits?
• Can religious organizations use religion as a criterion when selecting employees? This is a complicated question. This item points to resources for sorting it out. • What employee taxes do nonprofits pay Income taxes withheld from employees’ pay and the employer’s share of social security and medicare are due from any employer. Unemployment taxes are more complicated. The IRS has a page that can help. • Are donations always tax deductible? Not always. Even when the recipient is an organization recognized by the IRS under section 501(c)(3), the donor may not be able to deduct the gift from personal income taxes. • General considerations when planning an audit The word ‘audit’ is used in lots of ways. This article focuses on issues and resources for a financial audit by an accountant or CPA. • Background on Accounting Some useful links that offer information about accounting questions, organizations, and practices. • How must NPOs respond to public requests for 990s? New laws and regul
• What employee taxes do nonprofits pay Income taxes withheld from employees’ pay and the employer’s share of social security and medicare are due from any employer. Unemployment taxes are more complicated. The IRS has a page that can help. • Are donations always tax deductible? Not always. Even when the recipient is an organization recognized by the IRS under section 501(c)(3), the donor may not be able to deduct the gift from personal income taxes. • General considerations when planning an audit The word ‘audit’ is used in lots of ways. This article focuses on issues and resources for a financial audit by an accountant or CPA. • Background on Accounting Some useful links that offer information about accounting questions, organizations, and practices. • How must NPOs respond to public requests for 990s? New laws and regulations greatly expand public access. They took effect June 8, 1999.
