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?
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,…
Fiscal Cliff Negotiations Could Impact Nonprofits
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”…
IRS Scrutiny of New Nonprofits on the Rise
Applying for tax-exempt, 501(c)(3) status has always been a formidable process for the uninitiated. From the planning to the paperwork to the IRS follow-up, it has never been a walk in the park. The Foundation Group has worked with nearly…
States Inflicting Form 990 Pain on Small Nonprofits
If you had told me three years ago that state-level compliance for nonprofits would someday become more of an issue than dealing with Uncle Sam, I would have been quite skeptical. If you had told me that it would happen…