Deadline for Form 990: May 15, 2019

By |2019-04-29T14:53:28+00:00April 6th, 2019|Nonprofit, Taxes|

This is your reminder with helpful tips All tax-exempt organizations, including 501(c)(3)s, 501(c)(4)s, and 501(c)(6)s, must file a version of the Form 990 with the IRS.  Many of you on this list will qualify to file the "Form 990-N," which is a simple 5-10 minute process. You should be aware that if you do not file a Form 990 in 2019 and also did not file one in 2017 and 2018, your organization will lose its tax-exempt status and you will have to reapply with another application and filing fee. When is my Form Due? The Forms 990 are due 4 months and 15 days after the [...]

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1099 Reminder

By |2019-04-25T18:23:02+00:00January 15th, 2019|Nonprofit, Taxes|

Deadline for Filing Form 1099 is January 31. A reminder of reporting obligations of nonprofits Dear Scholz Nonprofit Law clients, current and past, and friends in the community: Thank you for the opportunity to work with you. We greatly appreciate the work you do in the community and the trust you place in us to assist you. We look forward to being able to serve you in 2019. All nonprofits have an obligation to submit various reports to the IRS and to the state each year. To the best of our knowledge, the filing deadlines are not changing, despite the government [...]

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Repeal of the Johnson Amendment

By |2019-04-25T00:08:53+00:00April 3rd, 2017|501(c)(3), Nonprofit|

I frequently like to remind our 501(c)(3) clients about the importance of advocating on their issues through lobbying and the legitimacy of their role in doing so. But when we encourage lobbying, we point out the distinction between lobbying on issues and the prohibition on political activity. The rule against political activity has been known as the Johnson Amendment because it was added to the tax code under his administration. As you likely know, President Trump has proposed to eliminate that distinction and allow all 501(c)(3)s to engage in electoral politics - - i.e., support or oppose a candidate [...]

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Form 990 Deadline is Approaching!

By |2015-05-08T15:58:43+00:00May 8th, 2015|501(c)(3), Compliance, Nonprofit, Private Foundation, Public Charity|

It's that time of year again! Don’t forget to file your nonprofit organization’s “annual information return,” or Form 990. All tax-exempt organizations (including 501(c)(3)s, 501(c)(4)s, and 501(c)(6)s) must file a version of the Form 990 with the IRS.  For many small organizations, it is a simple 5-10 minute process to file the "Form 990-N." You should be aware that if you do not file a 990 in 2015 and also did not file one in 2014 and 2013, your organization will lose its tax-exempt status and you will have to reapply with another application and filing fee. Filing FAQ's [...]

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501(c)(3) or 509(a)? Your public charity is both.

By |2015-03-03T15:38:52+00:00March 3rd, 2015|501(c)(3), Definition, Events, Nonprofit, Private Foundation, Public Charity|

Today is the Big Share! Don’t miss the opportunity to support 70 local nonprofits dedicated to building a fair, just community and protecting the environment through this Community Shares of Wisconsin online giving event: http://www.thebigshare.org. Thanks to Community Shares and their Big Share partner, Madison Community Foundation, for hosting this event to support the important work of these organizations. And there will be another big share (of information) this week at the annual Wisconsin Nonprofit Association Conference: http://wisconsinnonprofits.org/Conference2015 , which is taking place in Madison on Thursday. With today’s focus on charitable donations to 501(c)(3) organizations, I want to [...]

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The Upside of Winter (plus a few important deadlines…)

By |2015-01-26T19:22:24+00:00January 26th, 2015|Events, Nonprofit|

Greetings! I find the upside of the winter season (Yes, upside. I'll never outgrow my California roots...) is that I can take advantage of the slightly quieter times to focus on organization and business details. Well, our mild-ish winter has brought an all-but-mild workload. So, before January completely escapes me, I want to post about a few important issues. Great Board Training Opportunity in Madison! I would like to call attention to this great training opportunity by Melanie Schmidt as part of her "Building Better Boards" series. Below is a blurb on Melanie's session: Nonprofit organizations have one thing [...]

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