Non Profit - Taxes
State Taxes
- Nevada Department of Taxation
- Website: Nevada Department of Taxation
- What They Handle: They manage sales and use tax, modified business tax, and other state-level taxes. Non-profits in Nevada may be exempt from sales tax on purchases necessary for their operations, but typically must still collect sales tax on goods they sell.
- Registration Process: You can register online via the Nevada Tax Center on their website. This platform also allows you to manage tax filings and payments.
- Employer Taxes
- If you have employees, you will need to register for employer taxes, including unemployment insurance.
- Nevada Employment Security Division (ESD): Handles unemployment insurance. You can register through their website: Nevada ESD.
- IRS: Don’t forget to handle federal employment taxes by registering with the IRS, which you likely have covered when obtaining your EIN.
Local Taxes
- Local Business License and Permits
- Depending on your activities and location within Reno, you might need specific business licenses or permits.
- City of Reno Business License Division: Check with the City of Reno’s Business License Division for any local licensing requirements. Visit their website here: City of Reno Business Licenses.
- They can guide you on how to apply for a business license, which is often required even for non-profits engaging in certain types of activities.
- Property Taxes
- If your organization owns property, you might be eligible for property tax exemption.
- Washoe County Assessor's Office: For property in Reno, contact the Washoe County Assessor to apply for property tax exemptions typically available to non-profit organizations. Their website provides contact details and forms: Washoe County Assessor.
Additional Resources
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Legal and Tax Advice: Consider consulting with a tax attorney or a CPA who specializes in non-profit law to ensure that you’re not only compliant with all state and local regulations but also taking advantage of any applicable tax exemptions.
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State Non-Profit Associations: Organizations like the Alliance for Nevada Nonprofits provide resources, workshops, and guidance tailored to non-profits operating in Nevada. Their website is Alliance for Nevada Nonprofits.
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IRS Publications: For federal tax issues, the IRS provides several publications that are useful for non-profits, including Publication 557 (Tax-Exempt Status for Your Organization) and Publication 598 (Tax on Unrelated Business Income of Exempt Organizations). These can be found at IRS Publications.