Which documents do nonprofit organizations need to submit for their tax return?
January 9, 2023 | 50,00 EUR | answered by Siegfried Eckstein
Dear tax advisor,
I run a non-profit organization that is dedicated to supporting children and young people in disadvantaged neighborhoods. Until now, we have always prepared our tax returns ourselves, but I am unsure which documents we need to submit for the upcoming tax return.
Our organization mainly generates income through donations, membership fees, and events. We do not have any commercial income, but we do have our own clubhouse which is rented out to generate additional income. We keep regular records of our income and expenses and carefully store all receipts.
My concern is that we may forget important documents or not provide all the necessary information in the tax return. I want to ensure that we provide all relevant information to maintain our non-profit status and avoid any tax issues.
Could you please provide me with a detailed list of the documents that non-profit organizations like ours need to submit for the tax return? Are there any specific forms that we need to fill out? How can we ensure that our tax return is accurate and complete?
Thank you in advance for your assistance.
Sincerely,
Gerald Peters
Dear Mr. Peters,
Thank you for your inquiry regarding the necessary documents for the tax return of your non-profit organization. It is very important that you provide all necessary information correctly in order to maintain your non-profit status and avoid tax issues.
As a tax advisor specializing in association taxation and non-profit status, I can gladly list in detail which documents you need to submit for the upcoming tax return. Firstly, it is great to hear that you keep regular records of your income and expenses and carefully store all receipts. This is an important requirement for a correct and complete tax return.
For the tax return of your non-profit organization, you should have the following documents ready:
1. Income: All income of your organization should be accurately documented, including donations, membership fees, proceeds from events, and rental income from the clubhouse.
2. Expenses: Equally important are the expenses of your organization. These include, for example, personnel costs, rent and operating costs for the clubhouse, costs for events, materials for the organization, etc.
3. Bank statements: Include all bank statements of your organization's account to track the income and expenses.
4. Donation receipts: If you have received donations, you should issue donation receipts and have them ready for the tax return.
5. Articles of Association: Include a copy of your organization's articles of association to demonstrate that your organization is non-profit and complies with tax requirements.
6. Attachment to the corporate tax return: Non-profit organizations must complete an attachment to the corporate tax return, in which they must provide detailed information on their income and expenses.
It is important that you carefully compile all relevant information and documents and provide them in your tax return. If you are unsure or have further questions, I recommend that you seek advice from a tax advisor in a timely manner to ensure that your tax return is correct and complete.
I hope this information helps you and wish you success in preparing your tax return for your non-profit organization.
Best regards,
Siegfried Eckstein
