It’s that time of year again… time to start thinking about your organization’s tax return filing. Some may not be aware of this annual requirement, or what even goes into this form. We created an FAQ to give a better understanding…
We recently discussed a new bill which would require the IRS to give nonprofit organizations more advanced notice before revoking their tax-exempt status. Sens. Dan Coats and Ben Cardin coordinated the “Notice for Organizations That Include Charities is Essential (NOTICE)…
Two senators are sponsoring legislation which would require the IRS to give nonprofit organizations more advanced notice that they are at risk of losing tax-exempt status. This measure was introduced this past week by Republican Dan Coats and Democrat Ben…
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…
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. …
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…
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…
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…
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…
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,…