Landmark Supreme Court Ruling Favors of Donor Privacy
In a landmark ruling issued at the end of June 2021, the Supreme Court overturned a California law requiring donor disclosure in favor of donor privacy rights.
What Is the Difference Between a 509(a)(1) vs 509(a)(2) Nonprofit?
A nonprofit’s source of revenue can greatly affect its potential IRS classification of 501(c)(3) status. Often, an organization’s purpose determines any sub-classification. In this article, we’re going to take a look at what happens when it is revenue that determines…
What Is A Group Exemption?
A group exemption affords the opportunity for a nonprofit organization to share the tax-exemption of another 501(c)(3) without having to apply to the IRS for their own status. There’s a lot to it, so let’s take a closer look.
State Nonprofit Compliance: Understanding the California Form 199 Filing
Many nonprofits tend to focus primarily on their federal compliance filings, such as IRS Form 990, and for good reason. All tax-exempt nonprofits must file a version of Form 990 each year. But for organizations based in other states, particularly…
2020 – A Year In Review
COVID-19. In our hometown of Nashville, a devastating tornado. Injustice. Protests. Riots. A Presidential election. More COVID-19. Is it over yet?
New COVID Relief Bill May Provide Additional Help for Nonprofits
The CARES Act legislation that was approved in the early days of the COVID-19 pandemic (spring of 2020) helped many nonprofits with its Paycheck Protection Program. Thousands of charitable organizations nationwide were able to secure forgiveable loans from the Small…
Big Changes to PPP Loan Forgiveness Rules
Newly passed legislation is heading to President Trump’s desk that will substantially alter the original forgiveness terms for PPP loans.
IRS Extends Filing Deadline For 2019 Form 990
As expected, the IRS has officially extended the filing deadline for 2019 Form 990.
The CARES Act Increases Donation Tax Deductibility
The CARES Act that Congress passed in response to the COVID-19 crisis is best known for its Payroll Protection Program SBA loans and other measures of cash relief. Getting less attention are the provisions that increase the tax-deductibility of donations…
The CARES Act May Help Your Nonprofit Retain Its Staff
On Friday, March 27, 2020, Congress approved the Coronavirus Aid, Relief and Economic Security (CARES) Act. This is the third phase of a sweeping relief package Congress has passed in its efforts to mitigate the economic impact of COVID-19.