Different owner payments have different tax implications. Make sure you prepare for the proper treatment before year end.
California requires withholding on certain payments made to out of state residents, unless a waiver is filed on Form 588.
The new Form 990 requires disclosure of additional financial and operating details, as well as policies and procedures related to governance and compensation. It includes a number of new schedules and tables for this purpose.
We have compiled a list of steps for Exempt Organizations subject to their first filing of the revised IRS Form 990, which is open to public inspection.