What are the IRS rules to carry over funds for a non-profit sports organization?

Answer by  y3636363 (1380)

Well it depends on what kind of organization you are. Just check with your local bank institution regarding the status of your account and see what the rules are for accounting.

Answer by  salsafoodie (3146)

Depending on the state that you are located, you may have a way to carry over the funds for a non-profit. You will have to get an tax accountant to help you with the additional forms that are needed in order to get your funds carry over. Overall it can happen with additional information.