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…
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.
The IRS has released a new online, electronically-fileable Form 1023, application for 501(c)(3) status.
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…
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 California Association of Nonprofits (known as CalNonprofits) has urged Charity Navigator to make two big changes in the way the organization evaluates nonprofits. The group sent Charity Navigator a letter after recent news of the watchdog’s CEO Ken Berger…
Ken Berger, who has led Charity Navigator for nearly the past seven years, has abruptly decided to leave his position with the organization, the Chronicle of Philanthropy reports. Berger stated in an interview that the organization “has been going through…
The House of Ways and Means committee passed seven bills this week, all of which aim to reform the IRS. It is part of the GOP House’s efforts to come up with a 2016 fiscal year budget. Here is the…
According to Harold Hancock, legal counsel for the House Ways and Means Committee, tax code changes are possible this year for charities and other nonprofits. We talked about this last year (and the year before), but so far, nothing has…
In real world practice, becoming a board member for a nonprofit organization usually comes with little personal risk, and the probability of a member being legally accountable for actions taken by the nonprofit is relatively low. The fear of being…