Pet Rescue 990 Project

Interesting Tech Info for Pet Rescues
https://www.linkedin.com/posts/pet-rescue-990-tax-project_useful-digital-technologies-for-pet-rescues-activity-6801146413406289920-zgma

Pet Rescue 990 Project on LinkedIn: Useful Digital Technologies For Pet Rescues ...

Support your local pet rescue - Many Christmas present Pups + Kitties will end up at the shelter in January and February - small rescues are the ones that provide resources to keep these pets alive. They need your support though - Donate - Foster - Adopt
https://go.usa.gov/x79jx

The Recovery Rebate Credit is authorized by the CARES Act. Any eligible person who did not get the full amount of the Economic Impact Payment can request the Recovery Rebate Credit on their 2020 Form 1040🦮🐕

The extended due date for Federal Forms 990 990EZ and 90N is November 15,2020 - make sure you file - your 501(c)3 status depends on it. Individual states have their own requirements as well.

Small Rescues - don't risk your 501(c)3 status. File Federal Form 990N online if your revenues are $50k or less. If your rescue fails to file for 3 years the IRS will revoke your non-profit status and you will have to pay tax on your income. For December 31, 2019 year ends the extended return is due November 15, 2020.

Shelters are overcrowded

If you received a PPP loan for $50k or less and are wondering - What Next? You may qualify for loan forgiveness using simplified SBA FORM 3508S - Here's the link -
https://www.sba.gov/sites/default/files/2020-10/PPP%20Loan%20Forgiveness%20Application%20Form%203508S.pdf?fbclid=IwAR1XgnftydMh5TgSzLz9oSIP6AlTUunJwcFMtkbiJ7VcjHx1cK9JnpotWzw

Help animals and the people that save them❤️

Taxpayers who need additional time to file beyond July 15 can request a filing extension to Oct. 15 using the Free File link on IRS.gov https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free
An extension to file is not an extension to pay. Taxes are still due by July 15. If you don't make a payment with your extension you will be subject to late filing and payment penalties.

Don't risk loosing your Organization's Non-profit status. If your revenues are less than $50,000 - you can file Form 990-N - go to https://www.irs.gov/charities-non-profits/annual-electronic-filing-requirement-for-small-exempt-organizations-form-990-n-e-postcard or we will file it for you❤️

All lives matter - End BSL - End Corruption - End Political Agendas

Don't disregard your Pet Rescue's 501(c)3 filing requirements.

Don't risk loosing your non-profit status.

Pet Rescue 990 Project is here for you. No money is due when you file Form 990-N - It takes 5 minutes to complete. We will do it for you. Don't risk loosing your tax exempt status.
www.tacs4it.com/petrescue990project/
text 973.223.8473 call 833-200-8227

https://www.roi-nj.com/2020/04/21/finance/nfib-survey-80-of-ppp-applicants-did-not-get-selected-for-funding/

NFIB survey: 80% of PPP applicants did not get selected for funding - ROI-NJ A survey by the National Federation of Independent Businesses said four out of five small business owners who applied for the Paycheck Protection Program were not selected to receive money. And many are at a loss for where they are in the application process. The numbers are worse for the emergency....

https://mailtribune.com/news/top-stories/calling-pets-cute-and-cuddly-can-hurt-their-adoption-chances

Calling pets 'cute' and 'cuddly' can hurt their adoption chances Animal shelters that want to find homes for more pets should stop describing them as “cute,” “playful” or “cuddly. ” That’s according to a new study by University of Oregon Assistant Professor David Markowitz. He looked at the language in thousands of online...

If your Pet Rescue has less than $50,000 in donations and reports on a calendar year end - Form 990-N must be filed electronically by May 15, 2020. It's simple and takes about 5 minutes. Do it now and put it behind you. DM me if you need help. If you want me to file on your behalf you need to authorize me to do so by signing FORM 2848 ✍️
My credentials https://irs.treasury.gov/rpo/rpo.jsf

We take care of taxes so you can take care of rescues. if you have any questions about your 501(c)3 status, filing requirements, state compliance, record keeping or anything else - mention it in the comments or DM us❤️

Time to get all records together for year end filing of Form 990 - 990-EZ or 990-N

Pet Rescues must provide 1099s to recipients and file them with the IRS by January 31, 2020. Intentional disregard of this obligation subjects you to unlimited penalties. Payments of more than $600 for prizes, attorney fees, independent contractors or rent are some examples of amounts required to be reported to the IRS on Form 1099-MISC.

Pet Rescues if your revenues are < $50k than go online and file Form 990-N. If you don;t your are non-compliant and risk the loss of Donors who support your cause❤️

Each State has it's own requirements for nonprofit Pet Rescues. If you cross State borders you may have to register as a foreign corporation in those States you visit. If you don't follow the rules - ignorance is not a defense. Your State Charter will be revoked. Protect your nonprofit status Federally and according to State laws by fulfilling your filing requirements. If you don't it's public knowledge and will effect Donors decisions to support you❤️

Form 990 is due by the 15th of the 5th month after your year end - so if you have a calendar year end - Form 990 is due by May 15th. If you are filing Form 990-N do it now - it takes 5 minutes. If you're late public records will list you as non-compliant. When you correct it on the Federal level - don't forget the State, which has additional requirements. You will loose donors if they search and find you non-compliant❤️

The Taxpayer First Act becomes effective for tax years beginning after July 1, 2019. So if you report on a calendar year end than e-filing Form 990 is optional in 2020 and becomes a requirement in 2021.

TELL THE IRS ABOUT SUSPECTED ABUSES
The IRS claims it is all ears – particularly about Organizations abusing tax-exempt status. A complaint is any communication alleging a tax-exempt organization may be non compliant with the tax law.
Every year, the IRS receives complaints which are sent to analysts at the Exempt Organizations Classifications Office in Dallas, TX. Classification experts confirm the identity of the referred organization. An agent analyzes the complaint and determines one of the following:
• The information does not warrant further action.
• The referral needs to re-evaluated at a future date.
• The referral needs further evaluation by another committee.
• The information warrants an examination.
Then the IRS may or may not decide to schedule an examination.
https://www.irs.gov/charities-non-profits/irs-complaint-process-tax-exempt-organizations

It doesn't matter if your Pet Rescue is big or small - a Board of trusted advisers will help your cause. If you are a small Rescue put together a group of people who support your work. Start with volunteers who can be significant donors or can connect you with others who want to offer financial assistance.

Year end is the right time to aggressively pursue donations. Wealthy people are involved in year end tax planning and finding the right charitable organization to donate to is an important part of that process. If your Pet Rescue is a registered tax exempt organization a donor can make a cash contribution of up to 60% of their adjusted gross income. Attract donors by making your web presence a priority. Expand your outreach using social media. Also think about adding outside individuals to your Board. You'd be surprised of the positive effects developing your Board can make.

If your Rescue is small you only have to file a 990-N. It takes 15 minutes. Don't risk loosing your nonprofit status.

When you have a raffle with a prize of over $600 you are supposed to have the winner complete Form 5754 - Statement by Persons Receiving Gambling Winnings. Form 5754 gives you the information so you can report the winnings on Form W-2G to the recipient and the IRS by January 31.
If the prize is over $5,000 you must reduce the amount by 25% for backup withholding. Failing to submit the required forms and withholdings - makes you liable for the tax.
So be careful ❤️

Make sure your Pet Rescue's Facebook cover photo fits the area in view. What looks good on desktop may be too big for mobile. So check both. The best Facebook cover picture dimensions are 820px x 360px. To make it easier - keep your name, logo and everything else that represents your Rescue in the middle. This way your cover picture will display perfectly on mobile and desktop devices. As the first impression of your page - capture your viewers' attention with a simple, professional looking cover photo.❤️

You may think your Pet Rescue is too small to worry about keeping records. Wrong. Not only are good records required to maintain your 501(c)3 status it helps to identify the success of your rescue efforts. A good record keeping system will save you time and money so you can devote more resources to rescue efforts. I know - you're in it for the pets - not the money. However, the more money you are able to attract the more pets you can rescue. Organize your administrative activities and after the holidays when all the Christmas puppy gifts are surrendered to the shelters - you can work on finding them homes rather than doing hated paperwork.❤️