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- Mad as Hell at the IRS!
- Incorporation 101 for the Social Enterprise
- May 15 is Calendar Year Tax-Exempt Orgs Form 990 Filing Deadline
- UBI Liability – Why the IRS Final Compliance Report for Colleges and Universities is Required Reading for All Nonprofits
- Why You Should Care about the Duty of Care
- Delays at the IRS. What’s Going On?
- IRS Expansion of the Voluntary Classification Settlement Program – Benefit or Risk?
- Canada Creates a New Hybrid Legal Form for Social Enterprise
Category Archives: News
Mad as Hell at the IRS!
In the past week or two, the IRS Exempt Organizations division (EO), the section of the IRS that deals with charities, has been under a brutal attack. This attack has mostly been led by the Tea Party, incensed at the … Continue reading
May 15 is Calendar Year Tax-Exempt Orgs Form 990 Filing Deadline
Every nonprofit organization in the United States needs to be aware that May 15th is the deadline for filing Form 990 with the IRS for any organizations with a calendar fiscal year. The IRS has been strictly enforcing the automatic … Continue reading
UBI Liability – Why the IRS Final Compliance Report for Colleges and Universities is Required Reading for All Nonprofits
The IRS recently released its final Colleges and Universities Compliance Project Final Report. The report is the result of a study by the IRS of the tax practices of 400 colleges and universities. Among the topics discussed in the IRS … Continue reading
Posted in Federal Oversight, IRS, News, Nonprofit
Tagged Higher Education, IRS, Nonprofits, UBIT
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Why You Should Care about the Duty of Care
A few weeks ago, I had the privilege of giving a workshop on nonprofit board governance at the Ei Forum, a conference for entrepreneurs seeking to start nonprofit or for-profit ventures that will generate innovative, gospel-centered renewal in the community. … Continue reading
Posted in News
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IRS Expansion of the Voluntary Classification Settlement Program – Benefit or Risk?
The Internal Revenue Service is expanding its Voluntary Classification Settlement Program (VCSP), which provides partial relief from federal payroll taxes for employers who currently employ workers as independent contractors or nonemployees and want to now treat them as employees. Businesses, … Continue reading
Posted in IRS, News, Nonprofit Governance
Tagged Voluntary Classification Settlement Program
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Canada Creates a New Hybrid Legal Form for Social Enterprise
The government of British Columbia recently approved regulations providing for the creation of “community contribution companies” (CCCs), a new corporate structure designed to bridge the gap between for-profit businesses and non-profit enterprises. CCC’s are really designed for companies that adopt … Continue reading
Fiscal Cliff Legislation – Good or Bad for Nonprofits?
On January 1, Congress passed The American Taxpayer Relief Act of 2012 to avoid the so-called “fiscal cliff.” The law raises tax rates to a maximum of 39.6 percent for individuals with incomes over $400,000 and married couples filing joint returns with incomes … Continue reading
Posted in IRS, News, Nonprofit
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Charity Navigator Dismisses Use of Joint Cost Allocations
In a little noticed move, Charity Navigator revised its financial performance efficiency metrics, which are used to determine one of the three star ratings in its system, by deciding to ignore organizations’ allocation of joint costs when accounting for program, … Continue reading
Electronic Filing Now Available For New York Charities
Charities registered with the New York Attorney General’s Charities Bureau may now electronically submit their annual filings – CHAR500 and IRS Form 990 – with the Charities Bureau at the same time they file IRS Form 990 with the IRS. … Continue reading
Posted in Federal Oversight, Fundraising Compliance, News
Tagged charitable solicitation, New York
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New York City Bites the Hand that Feeds It
Many New York City nonprofit organizations that use their properties for charitable and educational purposes have long enjoyed exemption from New York City property tax. Recently, a number of these organizations have received notices from the City’s Department of Finance … Continue reading
Posted in News, Nonprofit, Tax Exempt Law
Tagged New York, New York City, Property Tax Exemption
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