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    • Home
    • About Us
    • Personal Taxes
      • 1040 Income Tax Return
      • Schedule A
      • Schedule D
    • Business Taxes
      • Crypto Taxes
      • Limited Liability Company
      • 1065 Partnership Return
      • 1120 S Corporation Return
      • 990 Non Profit Tax Return
      • Real Estate Investment
    • Specialty Taxes
      • Death Tax Return Process
      • 1041 Bankruptcy Taxes
    • Pricing

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  • Home
  • About Us
  • Personal Taxes
    • 1040 Income Tax Return
    • Schedule A
    • Schedule D
  • Business Taxes
    • Crypto Taxes
    • Limited Liability Company
    • 1065 Partnership Return
    • 1120 S Corporation Return
    • 990 Non Profit Tax Return
    • Real Estate Investment
  • Specialty Taxes
    • Death Tax Return Process
    • 1041 Bankruptcy Taxes
  • Pricing

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Tax Exempt Not for Profit Organizations - Non Profits

What are Non Profit Organizations?

They are corporations that have been granted tax exempt status under section 501 (c) (3) code of the Internal Revenue Service.  The reason for this exemption is suppose to be for the uplifting of society.  When we speak of profit motive the definition is simple the founder and the board of the non-profit are stewards not owners.  


The owner of a for profit business is investing his or her time, talent and treasure in a business for personal financial gain.  This is not case for a steward of a non-profit.  The Executive Director and the staff is entitled to a salary and retirement plan.

What types of taxes are nonprofits exempt from?

Sales and Use Taxes

Sales and Use Taxes

Sales and Use Taxes

  • Non Profit Organizations are exempt from being charged sales taxes on items they purchase for example copier at staples

Real Estate Taxes

Sales and Use Taxes

Sales and Use Taxes

  • Real estate taxes are exempt Caveat in the case of non profit being run fron a home.
  • If you want to sale the home and benefit from the sale you will have to do a recovery.

Personal Property

Sales and Use Taxes

Personal Property

  • Personal property such as computers, items used run the on profit are tax exempt.  
  • You do not pay for the state annual business tax

Taxes You Pay

Large Organizations

Personal Property

  • Non Profit organizations employment taxes on staff salaries 
  • As well as unemployment taxes. The same as a for profit business

Tax Form Filed 990

Large Organizations

Large Organizations

  • Small nonprofits under $50,000 file a 990 N (e postcard)
  • 990 EZ  Gross receipts less than $200,000, and Total assets less than $500,000

Large Organizations

Large Organizations

Large Organizations

  • Any non-profit with donations over $200,000 and asset more than $500,000.These organizations will file a 990

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The Tax Lady Plus

14404 Old Mill Road #201, Office "B", Upper Marlboro MD 20772

(301) 246-8813

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