NON-PROFITS
Specializing in Non-profit Accounting Services and Tax Compliance
As a not for profit organization, you face unique challenges that for-profit businesses don’t, such as the annual submission of Form 990, compliance with (OMB) Circular A-133 requirements or paying taxes on unrelated business income. That’s why it pays to have a dedicated team of tax and accounting professionals that specialize in nonprofit accounting and tax compliance on your side.
Make Us Your Go-to for Outsourced Non-profit Accounting Services.
Looking for assistance with your non-profit organization’s tax-exempt status? We’ve got you covered.
At IRS Masters, we understand the unique challenges faced by not-for-profit organizations, religious institutions, and associations. With a team of professionals who specialize in nonprofit accounting and compliance, we offer expert support tailored to your organization’s needs of tax-exempt status, fund accounting, grant management, and more.
Why Choose IRS Masters?
IRS Masters helps you stay on track by ensuring your accounting system meets all IRS requirements for tax-exempt organizations. From proper allocation of restricted and unrestricted funds to accurate reporting and timely filing of required forms, we provide expert guidance to keep you compliant and protected. Our team offers tailored financial solutions that meet your specific needs including below services:
- Annual Form 990 preparation
- Income Statement detailing specific revenue and expense categories.
- Balance Sheet with designated categories
- Functional Expense Statement allocating expenses to program services, fundraising, and operations.
- Individual Program Expense Statement for program-specific expenses
- Revenue Support Schedules categorizing income sources.
- Audit Support, if you face an audit, we provide support throughout the process, helping you prepare all the necessary documentation and ensuring that your financial practices are in order.
The IRS relies on these precise classifications to determine your tax-exempt status, making it essential to align your accounting system accordingly.
Let us ensure your non-profit organization remains compliant and tax-exempt with our expert support.
Our Approach
With a focus on accuracy, efficiency, and client-first approach. We’ve crafted a streamlined process that delivers clear, compliant and top-notch financial management.
Initial Consultation
Meet with our experts to assess your tax situation and goals.
Document Collection
Gather and organize all necessary tax documents for accurate filing.
Tax Strategy Development
Create a tailored plan to minimize your tax burden while ensuring full compliance.
Tax Filing & Reporting
Prepare and file your taxes accurately and on time.
Financial Planning & Advice
Provide insights and strategies for long-term financial success and tax efficiency.
