The First Head Has Rolled!
Breaking News! – 6:45 pm (EDT), May 15, 2010 The first head has been chopped off in the unfolding IRS scandal. President Obama just announced the resignation of IRS Acting Commissioner Stephen Miller. Who’s next?
Foundation Group Welcomes Aplos Software As Referral Partner
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…
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…
Foundation Group Posts Record First Quarter
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…
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…
IRS to Speed Up Listing of Charities That Lost Status
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…
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…
Obama To Seek Cap on Charity Deductions – Again
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…
Some Republicans Rethinking Donor Disclosure to Social-Welfare Groups
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…
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,…