LA's Premier Nonprofit Tax Specialists

Protect your nonprofit's tax-exempt status with expert guidance from CPAs who understand your organization's unique needs and community impact.

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Trusted by LA Nonprofits Since 1988

Tax Compliance Solutions That Empower Your Mission

Maintain Perfect Compliance

Stay focused on your mission while we ensure your organization meets all federal and state tax requirements.

Protect Your Tax-Exempt Status

Expert Form 990 preparation and compliance review to safeguard your organization's tax-exempt standing.

Streamline Your Financial Reporting

Clear, accurate financial documentation that builds trust with donors and satisfies board requirements.

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Comprehensive Nonprofit Tax Solutions

At Lim and Lim, we understand that maintaining tax-exempt status is crucial for your nonprofit's mission. Our comprehensive services include expert Form 990 preparation, state filings, and compliance reviews, ensuring your organization meets all regulatory requirements. We serve religious organizations, cultural groups, educational institutions, and charitable foundations throughout Los Angeles.
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Our team brings 36 years of experience in nonprofit taxation, offering bilingual support and deep understanding of both community needs and regulatory requirements. We focus on clear communication with your board, proper documentation of donations, and maintaining your public charity status, allowing you to focus on what matters most – serving your community.

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FAQs

Common Nonprofit Tax Questions Answered

What tax forms are required for nonprofits?

Most nonprofits must file Form 990 annually, but requirements vary based on your organization's size and type. For organizations with gross receipts under $50,000, Form 990-N (e-Postcard) may be sufficient. Larger organizations typically need Form 990 or 990-EZ. We'll determine the correct forms for your situation and ensure timely, accurate filing.

When are nonprofit tax returns due?

Form 990 is due by the 15th day of the 5th month after your fiscal year ends. For example, if your fiscal year ends December 31, your return is due May 15. Missing deadlines can result in penalties or even loss of tax-exempt status. We help you stay ahead with our proactive filing system and reminder services.

How can we maintain our tax-exempt status?

Maintaining tax-exempt status requires consistent compliance with IRS regulations, including timely filing, proper documentation of activities, and careful handling of unrelated business income. We provide comprehensive compliance reviews, monitor changing regulations, and implement best practices to protect your status.

How should we handle and document donations?

Proper donation documentation is crucial for both donors and your organization. We help establish systems for tracking contributions, issuing appropriate acknowledgments, and maintaining required records. This includes guidance on handling different types of donations (cash, in-kind, services) and meeting IRS documentation requirements.