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…
There has been a development in a story we have been following for a few months. Earlier this year, a U.S. federal judge ordered the IRS to release Forms 990 in a computer-readable format after a court battle with open-records…
It seems like hardly a week goes by that the news doesn’t report a serious data breach somewhere. Well, this time it involves tax exempt entities. A site that is used to process tax forms for nonprofit organizations on behalf…
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…
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 our last article, we discussed legal liability of board members as it relates to corporate law. This post highlights liability in regards to IRS tax-exemption regulations. The board of directors collectively governs the affairs of a nonprofit organization. As…
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…
The U.S. Government Accountability Office (GAO) found that audits of tax-exempt groups have been on the decline. Due to its lack of resources and a dwindling workforce, the IRS has only reviewed 0.7 percent of filing charities’ tax returns. Based…