Statements of Functional Expenses

If you file audited financial statements and/or a Form 990 (not EZ or postcard form), one you’ll have to prepare is a Statement of Functional Expenses. The main purpose of the statement is to break out your expenses into 3 pots – your programs, fundraising, and...

1099 B Notices

If you file 1099s, you may receive a letter from the IRS called a Notice CP-2100, which is typically sent in late fall. These notices alert you to possible issues with 1099s you’ve filed. The reason you would get one of these letters is if the IRS was unable to match...