This week, in the latest twist in the IRS targeting scandal, U.S. District Court Judge Emmet Sullivan threatened to hold the Commissioner of the Internal Revenue Service and Justice Department attorneys in contempt of court after the IRS failed to…
Judicial Watch, a conservative advocacy group, released new documents last week indicating that the IRS gave the FBI 21 computer disks, which contained over a million pages of confidential tax returns of over 113,000 nonprofit social welfare groups (nearly every…
Nonprofits and social enterprise organizations rely immensely on their board of trustees. These individuals collectively can help propel a charity forward or become a roadblock to success. There are two areas where leaders should ensure that they are observing good board governance and practice, and they relate to the board chair and the nominating committee.
An Internal Revenue Service subcommittee put forth a recommendation to require all tax-exempt organizations to file their annual tax forms electronically. During its annual public meeting, the subcommittee, IRS Advisory Committee on Tax Exempt and Government Entities (ACT), recommended the…
The IRS has been ordered to answer questions on the status of certain emails of former exempt director Lois Lerner. The federal judge has ordered the agency to answer questions in response to a Freedom of Information Act request filed…
A Foundation Group employee caught wind of this story at examiner.com, and we felt the need to share it: Tiger the cat has lived in the same home for nearly his entire life. But at the age of seven, Tiger…
There has been a development in a story we have been following for a few months. Earlier this year, a U.S. federal judge ordered the IRS to release Forms 990 in a computer-readable format after a court battle with open-records…
It seems like hardly a week goes by that the news doesn’t report a serious data breach somewhere. Well, this time it involves tax exempt entities. A site that is used to process tax forms for nonprofit organizations on behalf…
According to USA Today, the NFL league office will become a taxable entity after 70 years of operating as a 501(c)(6) business league. Despite having confirmation from the IRS regarding its status as a tax-exempt organization, the NFL has decided the…
The Financial Accounting Standards Board (FASB) is the regulatory body that governs, well, accounting standards. FASB is recommending some pretty significant changes to the way nonprofits present their financial information. These proposed changes, the first in over 20 years, would…