It is with great pleasure that we announce our newest referral partner, Aplos Software. Aplos is an IRS certified e-file provider for Form 990-EZ and Form 990-N services. They were looking for a partner to assist their clients that have found themselves on the receiving end of an IRS tax-exemption auto-revocation. Given Foundation Group’s extensive [...]
White House Advocates for Mandatory Form 990 E-File
In President Obama’s recently released budget, the White House is asking legislators to pass a law mandating electronic filing for IRS Form 990. The request asks for any legislation to include a 3-year phase-in period. Currently, only those nonprofits with more than $10 million or more in assets are required to file electronically. Approximately 50% [...]
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 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 [...]
IRS Issues Changes to 501(c)(3) Status Effective Date for New Nonprofits
About this time every year, the IRS issues a number of Revenue Procedures, which are official, formal pronouncements regarding the manner in which it will handle specific tax situations. Revenue Procedures don’t exactly make law (only Congress can do that…theoretically, anyway), but rather provides a written guideline regarding how the IRS will handle an issue. [...]
States Inflicting Form 990 Pain on Small Nonprofits
If you had told me three years ago that state-level compliance for nonprofits would someday become more of an issue than dealing with Uncle Sam, I would have been quite skeptical. If you had told me that it would happen by 2012, I might have laughed it off completely. More difficult than dealing with the [...]
IRS To Publish Revocations of Tax Exemption
The day some nonprofits have dreaded is coming soon. The IRS announced on February 24, 2011 that it will soon publish the list of 501(c) nonprofit organizations that had their tax exemption automatically revoked for nonfiling of Form 990 information returns. This list, officially called the Nonfiler Revocation List, will be updated monthly once it [...]
IRS News for Nonprofits
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 [...]
Questions Other Nonprofits Are Asking
If you are operating a nonprofit organization, chances are good that you have questions…lots of questions. And, it probably wouldn’t surprise you to know that your contemporaries in other nonprofits have lots of questions, too. Here at The Foundation Group, we get questions everyday. Many come from current or prospective clients who call or write. [...]
IRS Mishandling Some 501(c)(3) Applications
Posted on August 23, 2012 by Greg McRay in Commentary, Starting a nonprofit
Cincinnati, we’ve got a problem! Lately the Internal Revenue Service Exempt Organizations Division has begun to monkey around with the way it treats organizations applying for tax exempt status, particularly those nonprofits that have been around and operating for a number of years prior to filing. The situation has been confusing, contradictory and, frankly, at [...]