2009 is rapidly coming to a close. And once again, we find ourselves amazed at how fast the year has gone by. Funny how we have this conversation every year, but we act like it’s the first time it went…
In our last post, we took a look at five of the most common sources that could spark an IRS examination or audit of your 501(c)(3) organization (or other nonprofit). In this article, we’re going to equip you with five…
There is one phrase in the English language that generates more fear and trepidation than any other out there: IRS AUDIT. Just hearing the words is enough to cause many a fearless person to break out in a cold sweat…
At the end of every newsletter, we put out the call for “topic requests”. We have used quite a few reader questions or topic suggestions for article topics. Some questions or topics do not require a whole article to answer or discuss. …
Occasionally, you have to protect people from themselves. Even those with the best of intentions can mess things up so badly that it can jeopardize what they are trying to accomplish. In the nonprofit world, there are best practices, good…
Once upon a time, there were two websites, each belonging to a different charity. Our tale follows the adventures of these websites. The first website…we’ll call it “the good site”…was considered a real asset to its owner. While not fancy…
The headline for this article is not really “new” news. The Internal Revenue Service has been stepping up enforcement of its regulations governing nonprofits for several years now. Those who have been keeping up with the changes to the Form…
If there is one constant in life, it’s change. And most people don’t do “change” very well…even the IRS! The new 2008 Form 990 is a complete, top-to-bottom overhaul of the form (as we’ve discussed in previous posts). As we…
On January 24, 2009, National Heritage Foundation filed for Chapter 11 bankruptcy protection in federal court. Is this the end for NHF? Read the Forbes story here National Heritage Foundation, NHF, was founded by J. T. “Dock” Houk as a…
For the first time since 1979, the IRS has completely overhauled the Form 990 – Return of Organization Exempt From Income Tax. And boy, is it a doozy! This time, they weren’t fooling around. “So what’s new?,” you ask. Literally…