IRS: When Charities Lose, Everybody Loses

Tax-exempt organizations that fail to satisfy annual filing requirements for three consecutive years automatically lose their tax-exempt status. The IRS is providing one-time relief that will allow small exempt organizations to come back into compliance and retain their tax-exempt status even though they failed to file for three consecutive years. If an organization loses its […]

Tweets of the Week – 6/4/10

Here are some of my favorite posts of the week: GregLColvin: Final of my Sugarman lecture, political tax law reform after Citizens United: BCorporation: In case you haven't heard – B Corps now legally exist in VT as well as MD! ajlovesya: Recap #ynpchat: The Importance of Board Service for Young Nonprofit Professionals […]

The End of Small Nonprofits That Have Not Filed Form 990

Today is the last day for up to 380,000 nonprofits to file some version of Form 990 or automatically lose their tax-exempt status.  Many of these organizations have been abandoned, and it will be of value to get them off the books.  But it is believed that a substantial number of small organizations (with annual […]

Tweets of the Week – 5/14/10

Here are some of my favorite posts of the week: GTak: Dryburgh: Typical problems with charitable gifts – purpose restrictions, naming rights, confidentiality, how costs are to be charged GTak: Huge liability exposure: copy machine hard drives (wipe before sale/disposal). (CBS) via @SCartierLiebel GTak: China's crackdown on nonprofit groups prompts new fear among activists […]