It’s No Joke: Colbert Announces Funding For All SC Public School Requests On DonorsChoose

Earlier this month, South Carolina public school teachers received some good news when Stephen Colbert announced that he would fund all of their existing grant requests on the web site DonorsChoose.org. The announcement, made at a surprise event at Alexander Elementary School, means that nearly 1,000 projects totaling more than $800,000 in 375 schools will … Read more

Tax Deadline Looms For Tax Exempt Organizations

Tax season isn’t over just yet! Friday, May 15, 2015, marks the filing deadline for many tax exempt organizations. Information returns for tax exempt organizations (called the 990-series) are due on the 15th day of the fifth month after the close of the tax year. That means that tax exempt organizations with a calendar year … Read more

Fix The Tax Code Friday: NFL, Money & Tax Exempt Status

Earlier this week, the National Football League (NFL) announced that it would voluntarily give up its tax exempt status. The NFL has been tax exempt since 1942 under section 501(c)(6) of the Internal Revenue Code which grants tax exempt status to organizations with a goal “to promote the common business interest” with activities “directed to … Read more

NFL Will Give Up Tax-Exempt Status, Calling It A ‘Distraction’

On February 15, 2014, Baltimore Ravens running back Ray Rice got onto an elevator with his then-fiancee, now-wife Janay Palmer in Atlantic City, New Jersey. When the doors opened, Palmer was unconscious. Rice’s lawyer referred to the incident as “a minor physical altercation.” Despite public reaction to the violence, Rice was fined by the NFL … Read more

IRS Announces Special Tax Option For Contributions To Funds For Slain NYPD Officers

On December 20, 2014, Ismaaiyl Brinkley walked up to a patrol car and shot NYPD Officers Wenjian Liu and Rafael Ramos at close range, killing both. Officer Liu had served seven years on the force and Officer Ramos served just two years. Both were family men: Officer Liu was a newlywed and Officer Ramos was … Read more

12 Days Of Charitable Giving: PAWS NY

It’s the twelfth day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one … Read more

12 Days Of Charitable Giving: Phantom Projects Theatre Group

It’s the eleventh day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more days to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one … Read more

12 Days Of Charitable Giving: CaringBridge

It’s the eleventh day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one … Read more

12 Days Of Charitable Giving: March Of Dimes

It’s the ninth day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one … Read more

12 Days Of Charitable Giving: Give Kids A Smile

It’s the eighth day of our 12 Days of Charitable Giving! In December, I’ll be focusing on twelve charitable organizations which my readers have nominated as most deserving of your charitable donation. You have a couple more weeks to squeeze in you charitable deduction for tax purposes in 2014 – so why not consider one … Read more