IRS to Release Electronically Filed Forms 990 in 2016
The IRS says it’s currently working to make e-filed Forms 990 available to the public in a machine-readable format (also known as Metadata Exchange Format or MEF) by early next […]
IRS Reviews Of Nonprofits Vary Widely
IRS reviews of charities and other nonprofits were once relatively rare. For example, only the largest nonprofits would find an IRS audit team at their door. But in recent years […]
How To Reinstate Nonprofit Status
When you work or volunteer at a nonprofit organization, you know the days can be hectic, and nonroutine tasks can sometimes get overlooked. If the annual requirement to file a […]
Washington Post Study Targets Fraud Disclosures
More than 1,000 nonprofits checked the box on Form 990 for reporting a “significant diversion” of assets, according to a WashingtonPost.com article on the “hidden world of thefts, scams and […]
How To Protect Your Tax-Exempt Status
What would happen if your nonprofit lost its federal tax-exempt status? The thought might send shivers down your spine, and it should. Here are reminders about some of the actions […]
2013 Nonprofit and Association Accounting Roundtable Series
Wednesdays, August 28 – October 9 8:30 – 10:00 am 2860 Gateway Oaks Drive, Sacramento We are excited to offer this seven-part series on accounting, governance and financial […]
UBI Tax Reporting Violations
The Exempt Organization (EO) arm of the IRS is examining a “statistically valid sample” of nonprofits this year to see if those reporting substantial gross unrelated business income (UBI) for […]
Unrestricted Funds: The Stairway to Flexibility
The Greater Anytown All-Needs Association is in trouble. Individual, corporate and state funding has dwindled in recent years. And the 501(c)(3) organization doesn’t know where the money will come from […]