Fox19 News in Cincinnati, Ohio has been digging deeply into the current IRS scandal. More than any national news source, they seem to putting together the puzzle pieces in a way that makes the most sense to those of us who understand how the IRS Exempt Organizations division works. Sources within the IRS office have [...]
The First Head Has Rolled!
Breaking News! – 6:45 pm (EDT), May 15, 2010 The first head has been chopped off in the unfolding IRS scandal. President Obama just announced the resignation of IRS Acting Commissioner Stephen Miller. Who’s next?
Scandal At The IRS: What Does It Mean For Nonprofits?
That’s the question everyone in our universe is asking this morning. With the IRS Exempt Organizations division in the crosshairs, what will all this mean to nonprofits going forward? It’s hard to guess until we see how explosive this gets. What we do know is outrageous. EO Revenue Agents working in the Cincinnati, DC and [...]
IRS Guilty of Targeting Conservative Groups
So, it turns out that the IRS Exempt Organizations division has been targeting for intense scrutiny conservative and right-leaning nonprofits which were applying for tax exempt status. This was admitted in an preemptive apology by Exempt Organizations director, Ms. Lois Lerner, in a news conference this past Friday. Ms. Lerner also stated that this was [...]
IRS Improves Nonprofit Data Availability
The Internal Revenue Service made a significant announcement last week when it revealed its upcoming improvements to charity data accessibility. For years, the IRS has come under fire for not providing easy public access to nonprofit tax return data. And just recently, The Aspen Institute released a report that called on the IRS to disclose [...]
IRS to Speed Up Listing of Charities That Lost Status
We have discussed at great length the fact that all tax-exempt organizations are required to file some version of IRS Form 990 each year. As we have also discussed, failure to file a Form 990 for 3 consecutive years results in an automatic revocation of a nonprofit’s 501(c) status. Each month that passes adds to [...]
IRS Makes Significant Changes to 2013 Form 990
It’s that time of year, again…time to start thinking about your nonprofit’s Form 990 filing for the 2012 tax season. It seems like we just had this conversation, doesn’t it? To help get us in the spirit of compliance, the IRS just released its comprehensive list of changes for Form 990. There are quite of [...]
Obama To Seek Cap on Charity Deductions – Again
Here we go again. Just when charities thought they dodged a bullet during the fiscal cliff negotiations in late 2012, it looks like the administration still harbors the desire to limit the deductibility of charitable donations by higher income donors. Comments made by Jack Lew, Obama’s nominee for Treasury Secretary, makes it clear that this [...]
Some Republicans Rethinking Donor Disclosure to Social-Welfare Groups
File this one in the “this should be interesting” column. According to Bloomberg this morning, Senator Lisa Murkowski (R – Alaska) and Representative Walter Jones (R – North Carolina) are working with Democrats on possible legislation that would change disclosure rules from closed to open for large donations to 501(c)(4) social-welfare groups. Some politically-oriented 501(c)(4)s [...]
IRS Exempt Organizations Director To Plead Fifth
Posted on May 21, 2013 by Greg McRay in Commentary, Hot Topics, News
It is a shocking development in a story that continues to explode. Lois Lerner, the Director of the Exempt Organization’s unit at the Internal Revenue Service, who is scheduled to appear before Congress tomorrow morning, has said through her lawyer that she will invoke her rights under the Fifth Amendment against giving incriminating testimony. Her [...]