January 2023 UPDATE: the links to the Overhead Myth letter in the article below have been disabled due to the site no longer being active, however the Overhead Myth is important enough of a topic for us to keep the…
The IRS released two notices (Notice 2014-65 and 2014-68) in late October that state the following: President Obama has stated that the Ebola Virus Disease (EVD) outbreak in West Africa is a public health emergency, a humanitarian crisis, and a…
Talk about Election Day news! The Daily Caller has an exclusive this morning that reveals New Hampshire Sen. Jeanne Shaheen conspired directly with former IRS Exempt Organizations Director Lois Lerner in the targeting of conservative 501(c)(4) groups. Sen. Shaheen is…
You may remember reading our article about Lois Lerner breaking her silence regarding her role in improper targeting of conservative nonprofit groups. This past week, a federal judge made a ruling in regards to lawsuits brought against the IRS for…
Well, it looks like Lois Lerner has found her voice! You may remember the former head of the IRS Exempt Organizations Division who famously pleaded the 5th amendment when called to testify to the House of Representatives regarding her role…
Ever since Barack Obama became President in 2009, we have had to endure his annual budget proposal to limit the tax deductibility of charitable contributions. And each year, we, along with almost the entire nonprofit sector, scream in frustration, knowing…
The Foundation Group is extraordinarily blessed to work with a huge variety of incredible charities. Over the years, we’ve had the privilege of helping over 13,000 nonprofits get started. Among those are our friends at the Niki Feezle C.F. Explosion…
The Internal Revenue Service has issued new guidance (in the form of Revenue Procedure 2014-11) for small nonprofits looking to regain lost tax-exemption. The process outlined in the Rev. Proc. significantly changes the reinstatement process…mostly for the better. Under the…
Freedom From Religion Foundation Wins Federal Suit In what amounts to a double whammy for religious nonprofits in the past week, a federal judge has ruled that the long-standing IRS tax exemption on clergy housing allowance is unconstitutional. We reported…
All 501(c)(3) organizations are required by law to file some version of IRS Form 990 annually, with the notable exception of churches. Since the establishment of Internal Revenue Code Section 501(c)(3), churches have been exempt from this annual reporting requirement. …