It’s the beginning of another new year. And along with everything else that comes with a flip of the calendar, the IRS has several things up its sleeve for nonprofits in 2011. Let’s take a look two of the most crucial. Audits of nonprofits to increase. As if the IRS didn’t have enough to do [...]
The True Cost of Noncompliance
Noncompliance. As the word suggests, noncompliance is the opposite of compliance. But what does noncompliance mean as it relates to your nonprofit? More important still, what is the true cost of noncompliance? If you have been a client or follower of Foundation Group for any length of time, you have heard us hounding you to [...]
Surviving an IRS 501(c)(3) Audit – Five Rules
In our last post, we took a look at five of the most common sources that could spark an IRS examination or audit of your 501(c)(3) organization (or other nonprofit). In this article, we’re going to equip you with five rules you need to know should you get the dreaded notification that your organization is [...]
IRS 501(c)(3) Audits – 5 Potential Sources
There is one phrase in the English language that generates more fear and trepidation than any other out there: IRS AUDIT. Just hearing the words is enough to cause many a fearless person to break out in a cold sweat and to shrink in terror. It is bad enough when an individual has to deal [...]
