Activities and Responsibilities for SayProCFR-36 SayPro Tax Services Office – Non-profit Tax Services Unit

SCFR-36 SayPro Quarterly Non-profit Compliance

SCFR-36 SayPro Monthly Monitor Regulatory Changes: Stay updated on changes in tax laws and regulations affecting nonprofit organizations
SCFR-36 SayPro Monthly Review Compliance Requirements: Analyse compliance requirements for maintaining tax exempt status and adhering to nonprofit regulations
SCFR-36 SayPro Monthly Conduct Compliance Audits: Perform internal audits to ensure adherence to nonprofit tax compliance requirements
SCFR-36 SayPro Monthly Develop Compliance Policies: Create and implement policies to ensure ongoing compliance with nonprofit tax regulations
SCFR-36 SayPro Monthly Provide Compliance Training: Offer training sessions for nonprofit staff on compliance requirements and best practices
SCFR-36 SayPro Monthly Prepare Compliance Reports: Document and prepare reports on compliance status for internal and external stakeholders
SCFR-36 SayPro Monthly Advise on Compliance Issues: Provide guidance on resolving compliance issues or addressing potential noncompliance situations
SCFR-36 SayPro Monthly Assist with IRS Filings: Help nonprofits with required filings to the IRS, such as Form and other compliance related documents
SCFR-36 SayPro Monthly Manage Compliance Deadlines: Track and manage deadlines for compliance related filings and reports
SCFR-36 SayPro Monthly Address Compliance Inquiries: Respond to inquiries from tax authorities regarding compliance matters

SCFR-36 SayPro Quarterly Non-profit Tax Return Preparation

SCFR-36 SayPro Monthly Collect Financial Data: Gather financial statements and supporting documentation necessary for tax return preparation
SCFR-36 SayPro Monthly Prepare Form : Complete and file IRS Form , EZ, or N, as appropriate for the nonprofit’s size and type
SCFR-36 SayPro Monthly Prepare Schedule A: Complete Schedule A to provide information about the nonprofit’s public charity status
SCFR-36 SayPro Monthly Compile Supporting Schedules: Prepare and include supporting schedules required for the tax return
SCFR-36 SayPro Monthly Review Prior Returns: Review prior years’ tax returns to ensure consistency and accuracy in the current year’s filings
SCFR-36 SayPro Monthly Calculate Tax Liabilities: Determine any unrelated business income tax liabilities and report them accordingly
SCFR-36 SayPro Monthly File State Tax Returns: Prepare and file state specific tax returns, if applicable, for the nonprofit
SCFR-36 SayPro Monthly Verify Tax Exempt Status: Confirm and report the nonprofit’s continued tax exempt status on the tax return
SCFR-36 SayPro Monthly Address Tax Return Queries: Respond to questions from tax authorities related to tax return filings
SCFR-36 SayPro Monthly Assist with Return Amendments: Help with amending tax returns if errors or omissions are identified after submission

SCFR-36 SayPro Quarterly Charitable Contribution Reporting

SCFR-36 SayPro Monthly Track Donor Contributions: Maintain records of donations received from individuals, corporations, and other entities
SCFR-36 SayPro Monthly Issue Acknowledgement Letters: Provide donors with acknowledgment letters for tax deduction purposes, including required details
SCFR-36 SayPro Monthly Prepare Form Schedule B: Report information about substantial contributors and other significant donors on Schedule B
SCFR-36 SayPro Monthly Report Noncash Contributions: Document and report noncash contributions, including valuations and donor information
SCFR-36 SayPro Monthly Ensure Compliance with Reporting Standards: Adhere to reporting standards for charitable contributions to comply with IRS and state requirements
SCFR-36 SayPro Monthly Manage Donor Privacy: Safeguard donor privacy while fulfilling reporting requirements
SCFR-36 SayPro Monthly Audit Contribution Records: Perform audits of donation records to ensure accuracy and compliance with reporting requirements
SCFR-36 SayPro Monthly Assist with Donor Queries: Address inquiries from donors regarding their contributions and associated tax benefits
SCFR-36 SayPro Monthly Review Contribution Policies: Evaluate and update policies related to the acceptance and reporting of charitable contributions
SCFR-36 SayPro Monthly Prepare Annual Contribution Reports: Compile and report annual data on charitable contributions for stakeholders and regulatory bodies

SCFR-36 SayPro Quarterly Revenue Services Exemption Applications

SCFR-36 SayPro Monthly Identify Exemption Eligibility: Assess and determine eligibility for various revenue services exemptions and incentives for nonprofits
SCFR-36 SayPro Monthly Prepare Exemption Applications: Complete and submit applications for tax exemptions to local, state, and federal agencies
SCFR-36 SayPro Monthly Gather Supporting Documentation: Collect and organize the necessary documentation required for exemption applications
SCFR-36 SayPro Monthly Monitor Application Status: Track the status of exemption applications and follow up with authorities as needed
SCFR-36 SayPro Monthly Provide Guidance on Exemptions: Advise nonprofits on how to maximize their eligibility for tax exemptions
SCFR-36 SayPro Monthly Handle Exemption Renewals: Manage the renewal process for ongoing tax exemptions and ensure timely submissions
SCFR-36 SayPro Monthly Review Exemption Regulations: Stay informed about regulations and requirements related to tax exemptions and incentives
SCFR-36 SayPro Monthly Assist with Exemption Appeals: Help nonprofits appeal denial decisions or issues related to exemption applications
SCFR-36 SayPro Monthly Ensure Compliance with Exemption Requirements: Verify that the nonprofit meets all conditions and requirements for maintaining exemptions
SCFR-36 SayPro Monthly Update Exemption Records: Maintain accurate and UpToDate records of all exemption applications and related correspondence