Financial statements are often required by tax exempt organizations in demonstrating its financial strength to investors and for purposes of securing grants and other funding. These financial statements are different than those of taxable organizations and include the following statements.
Tax Return preparation
Each year the IRS requires most tax-exempt organizations to submit the Form 990 and its related schedules and attachments. Unlike the income tax return of a taxable organization, tax-exempt organizations are required to provide additional information and disclosures beyond just the financial data. We can help you gather this information and we will prepare the required forms and schedules for you. The IRS uses these returns to determine if your organization will retain its tax-exempt status.