At Epping and Associates, we assist not-for-profit organizations and private foundations with their federal and state tax reporting requirements.
Not-for-profit organizations enjoy tax-favored status. Not only are they untaxed on the operating results related to their underlying mission, but in many instances contributions made to these organizations are tax-deductible by their contributors. Unfortunately, due to past abuses the IRS has significantly expanded the information required to be submitted by not-for-profit organizations as part of their annual tax reporting.
We also help private foundations monitor their annual grants relative to the grant levels they must achieve to either avoid or enjoy a reduced tax rate on their investment income.
We also offer a turnkey solution that includes maintaining the accounting records for the organization, preparing the workpapers needed by the external auditors to audit the organization’s financial statements and preparing the income tax returns. Because we maintain the accounting records, we are unable to audit the organization’s financial statements.
