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…
Foundation Group celebrated it’s 17th birthday last September. As the founder, I can tell you it is hard to believe that much time has passed already. As the cliche says, “Time flies when you’re having fun.” “Fun” may seem like…
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…
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…
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…
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…
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…
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,…
For unto us a Child is born, Unto us a Son is given; And the government will be upon His shoulder. And His name will be called Wonderful, Counselor, Mighty God, Everlasting Father, Prince of Peace.- Isaiah 9:6
As we find ourselves nearing Christmas 2012, the media isn’t talking all that much about mistletoe, eggnog or even the end of the Mayan calendar. Instead, the lead story at the top of every hour is the so-called “fiscal cliff”…