By NEO Law Group
2022 was the year many of us treated as the one that followed the COVID pandemic, even though that’s not true at all. It was the year of the midterm elections, scary inflation figures, huge corporate profits, ever-continuing gun violence, the Russian invasion of Ukraine, and increasing skepticism of policies that allow for and encourage […]
Earlier this autumn, the Treasury Inspector General for Tax Administration (TIGTA) released two important reports regarding the IRS’s administration and oversight of tax-exempt organizations: (1) Review of the IRS’s Enforcement Program for Tax-Exempt Organizations That Participate in Illegal or Nonexempt Activities and (2) More Information Is Needed to Make Informed Decisions on Streamlined Applications for […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “The vicious attack on Paul Pelosi, husband of House Speaker Nancy Pelosi (D-Calif.), is a reminder of what the 2022 election is about. It is of course about who holds power in […]
I had the pleasure of guest lecturing for Professor Louise Carroll’s class in the nonprofit administration program at USF earlier this week. While the focus of my talk was on nonprofit law, I first examined the subject of trust in nonprofit organizations. In May 2022, Independent Sector published an article, Trust in Civil Society, in […]
8 Trends | Nonprofit Law Blog Purpose-driven governance, taking the ecosystem into greater consideration (see The Four Principles of Purpose-Driven Board Leadership; Purpose-Driven Board Leadership, Legally Speaking) Boards making a more conscious effort of adding younger board members, understanding that their perspectives are part of their critical contribution (see Welcoming the Next Generation of Board […]
The Internal Revenue Service (IRS) has a page for Applying for Tax Exempt Status that addresses and has links to applications for 501(c)(3), 501(c)(4), and other exempt organizations. Types of Application Forms Applicants for recognition of exemption under Section 501(c)(3) of the Internal Revenue Code (IRC) file either Form 1023 or Form 1023-EZ. Either of […]
Startup charitable nonprofit organizations typically file with IRS for recognition of tax-exempt status under Section 501(c)(3) of the Internal Revenue Code shortly after formation. If an application for such recognition (Form 1023) is filed within 27 months of formation, and approved, the IRS recognizes tax-exempt status retroactively as of the date of formation. But some […]
Stay informed of the week’s notable events and shared resources with this curated list of Nonprofit Tweets of the Week. Notable Events of the Week: “As Iraq held joint funeral services on Saturday for two revered military leaders killed in an American drone strike near the Baghdad airport this past week, tens of thousands of […]
The following are some of the highlights from Day One of the WCTEO 2019. Washington Update Sunita Lough (IRS, Deputy Commissioner for Services and Enforcement and former commissioner of the Tax Exempt and Government Entities division) discussed the IRS’s shift to enforcement with better data analytics (to select the “right” cases). As an example, she […]
The IRS Tax Exempt & Governmental Entities (TE/GE) division released its Fiscal Year 2020 Program Letter earlier this week. In the Program Letter, TE/GE Commissioner Tammy Ripperda explains: Each year, TE/GE works hard to deliver the best possible tax administration. It’s what we’re paid to do and what the public expects of us. TE/GE strives […]