Our non-profit client needed several years of bookkeeping and accounting completed in order to file overdue tax returns and reinstate their tax-exempt status. During our review, we discovered commingled funds and over \$700,000 in personal expenses that the founder had not reported on their personal tax returns.
Our accountant coordinated with HR, payroll experts, and an IRS Enrolled Agent to develop a comprehensive resolution strategy. This included completing the non-profit’s tax filings, applying for IRS reinstatement, placing the founder on payroll, establishing employee benefits, and amending the founder’s personal tax returns. The IRS Enrolled Agent also assisted with resolving the founder’s personal tax liabilities.