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 Developments
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…
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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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Legal Developments Affecting Charitable Organizations and 990 Reporting
Becky Seidel presented on legal developments affecting charitable organizations and Form 990 reporting at the 2013 Rocky Mountain Area Conference…
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