In a world of almost non-stop negative news and reports of violence it’s hard to imagine the world is headed in the right direction. But, don’t believe everything you see on the news. Americans remain more committed to ever to helping their fellow Americans and those...

No. Although you must file IRS Form 990 with the Internal Revenue Service (IRS) annually, nonprofit corporations are generally not required to file Form 990 with the Texas attorney general or the secretary of state. For other questions regarding your nonprofit...

An exempt organization that has changed its name must report the change on its next annual return (Form 990 or 990-EZ). An organization that does not file an annual return (for example, an organization that instead files Form 990-N, the e-Postcard, or an organization...

A private operating foundation is not subject to the tax on net investment income if it is an exempt operating foundation. In addition, private foundations may make grants to exempt operating foundations without complying with the expenditure responsibility...

There is an excise tax on the next investment income of most domestic private foundations. This tax must be reported on Form 990-PF, Return of Private Foundation, and must be paid annually at the time for filing that return or in quarterly estimated tax payments if...