How to determine, or change, your not-for-profit’s year-end
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How to determine, or change, your not-for-profit’s year-end

1 year ago · 3 min read

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Not-for-profits may choose their fiscal year-ends for IRS purposes. Individuals and many business entities (such as partnerships, sole proprietorships, and S corporations, with limited exceptions) are required to use calendar year-ends for their tax filings. This flexibility available to not-for-profits may provide certain advantages, so it is important for each organization to weigh the options before making a decision. This article discusses key considerations for NFPs when choosing a year-end date and how to make a chosen year-end date change.

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