Top 10 Events of 2010

Last year we wrote on the Top 10 Events of the Decade. This year we decided to do another list on the Top 10 events of 2010 affecting the nonprofit sector (listed in chronological order). We welcome your additions in the comments.  Have a happy holiday season! Haitian earthquake...

IRS Exempt Organizations Division FY2010 Annual Report

The IRS Exempt Organizations Division Annual Report for its Fiscal Year 2010 was released earlier this month.  The EO Division has three principal offices: EO Examinations (Examinations) is responsible for audits and (less intensive) compliance checks of tax-exempt organizations. EO Rulings and Agreements (R&A) is responsible for reviewing applications...

The 2010 Relief Act – IRA Charitable Rollover

On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Relief Act). One of the individual tax relief provisions deals with extending an expiring provision related to distributions from individual retirement plans for charitable purposes. Prior...

BoardSource Leadership Forum – Part III: Nonprofit Governance Challenges

At the BoardSource Leadership Forum, Thomas K. Hyatt, SNR Denton, presented the session “Ripped from the Headlines! Nonprofit Governance Challenges from Front Page News” using seven news headlines from the last year as case studies of compliance “war stories.” Hyatt notes these headlines represent a range of governance challenges...