Nonprofit Tax Services
Nonprofit organizations are held to a high standard and subject to increased scrutiny from the government and donors. Although tax-exempt organizations do not pay taxes, they are required to prepare and file and annual informational return called Federal Form 990. On this form, they must showcase their funds and show how they have been used to fulfill the organizational mission.
The nonprofit tax specialists at MTA understand how important the Federal Form 990 is to maintain your tax-exempt status. They will work closely with you on both the financial and narrative sections of the form to ensure they tell the correct story about your nonprofit’s mission, effectiveness, financial well-being, and governance standards.
Nonprofit Tax Preparation
Our team of experienced CPAs can help you prepare your Federal Form 990, assist you with all aspects of your nonprofit’s tax planning, regulatory compliance, tax analysis, and additional nonprofit tax preparation needs. The rules and regulations regarding tax-exempt status are ever-changing and you need a partner who stays up-to-date on all the latest legislation so you can focus on the good work of your nonprofit. We will help your organization preserve your tax-exempt status by complying with all IRS rules and regulations, as well as local and regional laws.
MTA can handle all of your nonprofit’s tax needs, including:
- Federal Form 990 completion
- Analysis of UBI (unrelated business income) taxes and activities
- Private foundation tax analysis
- Strategic tax planning
- Organizational structure planning
- Compliance reviews
- Independent tax reviews