 Good info |
| Review Date: August 18, 2010 |
| Reviewer: tall-latte, Sammamish, WA USA |
| This is helpful info for a small nonprofit that may not be able to afford legal counsel. It's a complex topic, so it's best to review info on state and IRS web sites, in addition to reading this book, but this book is a good place to start. |
Useful guide for non profits
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| Review Date: May 26, 2010 |
| Reviewer: Alberto Vargas, San Francisco, CA USA |
| Nolo is known for its useful series of legal guides. This is one of their better books which will be a good companion for many non profit founders and managers. The book is clearly written and well organized, covering most relevant topics for non profit taxation, which is basically one of the biggest things you need to pay attention to when running a non-profit. It covers even topics like hiring temp or permanent employees, dealing with tax audits, etc besides the more obvious topics like what activities you may and may not engage in, receiving charitable donations, accounting, and actual filing of tax forms. Highly recommended! |
Loaded with information.
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| Review Date: May 20, 2010 |
| Reviewer: Lincoln Gergar, herenow |
Is there anything this book doesn't tell me? I seriously doubt it. When it comes to setting up or running a business, I'm as knowledgeable as the next guy. I'm not an account or attorney, but I do know quality when I see it. Nolo's Nonprofit Tax Guide is considered by many to be the best resource available in it's category. In fact, all of Nolo's tax and legal books rank at the top. Know that when buying this book you are getting much more than you've paid for. The money and time you'll spend with this book will save you at least 10x the money and time otherwise spent when tax time rolls around.
My advice: save yourself the hassle of searching the internet for answers to your tax-related questions and buy this book. You'll save time, stress and money in the end. This book is clearly written and well organized. Sometimes its sounds like the IRS speaks a foreign language, but this with book the author translates all the legal jargon into easy to understand concepts and instructions. You'll sleep better at night thanks to Nolo.
I also have Nolo's Tax Deductions for Professionals and am equally impressed. |
Everything you ever needed to be cool with the IRS
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| Review Date: April 21, 2010 |
| Reviewer: Rizzo, Denver, CO |
Every Nonprofit's Tax Guide is another gem of a book from the NOLO series, and there are plenty of these wonderful guides for just about anything you need to know, from someone I can rely on, an impressive series for the layman, companies, and plain old folks.
What I like most about the book is that is very user friendly, meaning plenty of white space on the pages, wide margins for note taking, and the font is large. I also like that some sections are shaded for easy locating, and indicating something important, something that stands out, something to locate easy. The titles are nice bold font, subtitles easy to read also.
Sections are easily set off with bullets; you can find important sections that provide cautionary advice and tips. These sections feature graphics. The questions are asked for you, everything you may have not thought about.
Chapter breakdowns.
Every chapter has its own table of contents! Everything in a chapter belongs exactly where they put it. No topic seems out of place. There is even a chapter on how to get more help, resources, rulings, policies, etc. A thorough index is provided.
What you will learn here
The first thing to know and understand is what the word nonprofit means; the IRS Filings, record keeping and accounting, the rules on volunteers, employees, and independent contractors. You will learn all about charitable giving and property donations, lobbying and more!!
You will have all that you need in this handy paperback book. Try this one Nonprofit Meetings, Minutes & Records: How to Run Your Nonprofit Corporation So You Don't Run Into Trouble and How to Form a Nonprofit Corporation ....Rizzo
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One stop shop for new CFO, Treasurer, and Board of Directors of a Nonprofit Organization
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| Review Date: April 15, 2010 |
| Reviewer: Sidarta Tanu, Richmond, VA USA |
Nolo's Every Nonprofit's Tax Guide is a very nice guide to learn everything that is needed to make your nonprofit organization compliant. With this book you will learn how to keep your tax-exempt status and avoid IRS problems. It's written in a way that is very easy to follow and understand (with examples etc, cause as you know that tax laws are very complex and very delicate). I highly recommend this book for those who are running their nonprofit for the first time (or if you have been running it for a while but don't really know much other than submitting the tax forms) and want to learn the rules and guidelines about nonprofit organization
Here are some example of the valuable information in this book (which I didn't know before reading this book):
1. How to create your legal entity and obtain tax-exempt status.
2. What do we mean when we say "Nonprofit"?
3. Explains nonprofit tax regulations and how to maintain nonprofit status (what Tax forms needs to be filed, detail filing process and the new form 990, etc)
4. What to do when someone try to harras you/your nonprofit?
5. GAAP rules and accounting method (cash, accrual, hybrid etc)
6. Detail charitable giving rules (e.g. If donation to a nonprofit is conditioned/earmarked for a particular person or small group of people, then the gift is not tax deductible for the donor, though the organization can still accept the donation. Rules on quid pro quo donation, etc)
7. Who should worry about UBIT? (i.e. tax imposed on income earned by nonprofits from business they conduct that are unrelated to their charitable mission)
8. What are prohibitive activities? (e.g. political campaign activities, endorsing candidate for public office, contributing money to political campaign, etc)
9. Which organization usually gets audited?
10. How to set your organization general ledger (asset, liabilities, net asset, income, expense)
11. Rules on paying and reimbursing employees and volunteers (e.g. value of time and services donated is never deductible, etc)
12. Rules on hiring employees and independent contractors
Sidarta Tanu |
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