Good news from the IRS usually sounds like the beginning of a funny joke…but not this time. In an unexpected move, the IRS announced in late January a revised filing fee schedule for applicants for 501(c) status. Most applicants will…
The king of the nonprofit world is the 501(c)(3) public charity. This is what most people mean when talking about a nonprofit. It has federal income tax exemption, contributions to it are tax deductible to the donor and it is…
The Internal Revenue Service issued its annual compilation of agency data yesterday. In what was a surprise to many, the number of approved applications for 501(c)(3) status actually dropped in 2015 from 2014’s numbers. The 2015 fiscal year, which ended September…
Well, that was fast. At least the IRS made the right decision on this. Just to update you, the IRS recently proposed allowing charities to (optionally) collect the Social Security numbers of donors and report the detailed donor/donation information to…
The IRS recently proposed new regulations that would allow charities to report the Social Security numbers of donors who give more than $250 to the nonprofit. This has caused an uproar of concern among those in the nonprofit community, including…
The IRS currently requires donors to a 501(c)(3) to have a receipt from the charity for any gift above $250 in order for that gift to be tax deductible. According to a post in Bloomberg BNA, the IRS is considering…
This week, in the latest twist in the IRS targeting scandal, U.S. District Court Judge Emmet Sullivan threatened to hold the Commissioner of the Internal Revenue Service and Justice Department attorneys in contempt of court after the IRS failed to…
Judicial Watch, a conservative advocacy group, released new documents last week indicating that the IRS gave the FBI 21 computer disks, which contained over a million pages of confidential tax returns of over 113,000 nonprofit social welfare groups (nearly every…
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…
The IRS has been ordered to answer questions on the status of certain emails of former exempt director Lois Lerner. The federal judge has ordered the agency to answer questions in response to a Freedom of Information Act request filed…