More and more, businesses are announcing that they will give a certain percentage of sales or other proceeds to nonprofits…
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IRS Developments
IRS Clarifies Donee Reporting Option for Deductible Contributions
The IRS has issued proposed regulations that would implement the statutory exception to the “contemporaneous written acknowledgement” requirement for substantiating charitable…
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IRS Finalizes Regulations on Foreign Grant-making by Private Foundations
This week, the IRS finalized regulations that simplify the process of private foundation grants to foreign non-governmental organizations. The regulations…
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Push for Electronic Filing, Readability of 990s Picking Up Steam
An Internal Revenue Service advisory panel recently pressed the agency to require all nonprofits to file their requisite Form 990…
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Mission, Program Investing Targeted as Tool in Climate Change Arena
Last week, the White House hosted a Clean Energy Investment Summit where Vice President Joe Biden highlighted more than $4…
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Supporting Organizations Face More Reporting on 2014 Form 990
This year, as supporting organizations gear up for the May 15 Form 990 filing due date, they may need to…
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Shorter Not Always Sweeter: IRS Facing Some Backlash over Form 1023-EZ
A New York Times article last week focused on criticism the IRS is facing over the streamlined Form 1023-EZ, which allows…
READ MORE New Deal a Key Step Toward Permanent IRA Charitable Rollover
It looks like the IRA charitable rollover may be permanently extended, if a deal between House and Senate negotiators announced…
READ MORE Requirement for New Form 1023 Eliminated in Some Reorganization Circumstances
In the world of nonprofits, it’s not unusual to start with one entity form and want to change to another…
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Fiscal Sponsorship: Many Organizations Still Finding Much Value in Umbrella Structure
We wrote our last post on fiscal sponsorship in early 2013, when the IRS was in the midst of a…
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