Tax Filing FAQs
- Can OmegaFi send 1099s to my organization's vendors?
- Why am I receiving reminder emails about submitting a 990 report on Vault?
- What must my chapter do to comply with IRS regulations when a change of officers occurs?
- How do I verify that my organization is tax-exempt?
- Is my organization eligible to file a 990-N postcard return?
- How do I confirm that my chapter is up to date on annual 990 tax return filings?
- What is the difference between cash and accrual accounting?
- What do I need to do with the form 1099-K that I received in the mail for my organization?
- What do I need to know about the new 2022 IRS reporting rules for third party payment processors like Venmo and other peer to peer platforms?
- What is a W-9 and how can I get one for my chapter?
- My organization does not show up in the IRS database of exempt organizations. What do I do?
- What do I do if my organization terminated or gone out of business?
- Can OmegaFi provide me with a tax exemption certificate for my philanthropy event?
- What do I do if my organization goes out of business?
- Where can I find my organization’s Group Exemption Number?
- What do I do if my organization does not use an external bank account?
- Why might the Income/Expense section of the 990 Report be imbalanced?