Posts tagged as:

tax-exempt status

Fix The Tax Code Friday: Charitable Org Reporting

8 October 2010

The IRS has been ramping up its campaign advising that charitable organizations of all sizes are now required to file annual information returns. The annual gross receipts of the charitable organization determines the kind of return to be filed. This has become a confusing issue for many smaller charities which have inconsistent receipts – some [...]

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Smaller Charities Get Important Extension

27 July 2010

Smaller charities, meaning those that have annual gross receipts of less than $25,000, may be at risk this year of losing their tax-exempt status. Under a 2006 law, those charities were required to file a form 990-N (sometimes called an e-postcard) with IRS each year. Failing to file for three years in a row results [...]

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Free Sperm Isn’t Enough to Make Organization Tax Exempt

26 July 2010

We do a lot of nonprofit and tax exempt work at my firm. People come into my office with all kinds of ideas for charitable organizations. I thought I’d heard it all – apparently, I hadn’t. The “Case of the Charitable Sperm Bank” has put an interesting twist on the types of charitable activities that [...]

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The Saga of the 990-N

18 May 2010

I’m sure that the IRS expected their charitable organizations section of the web site to be popular on yesterday but probably not as popular as it was. With an important deadline looming, charitable organizations found wait times to be excruciatingly slow and subject to time outs as they attempted to file the form 990-N (otherwise [...]

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Tax Exempt Organizations Face Crucial Deadline

14 May 2010

Years ago, small tax exempt organizations had it easy. So long as they raised less than $25,000 in a calendar year, they general didn’t have to file an informational return with IRS. Easy. That all changed in 2006. The Pension Protection Act of 2006 made it mandatory for most tax-exempt organizations to file an annual [...]

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Can IRS Save The Press?

25 March 2009

For months now, we’ve heard tales that the newspaper industry as we know it is “done.” Several big name papers have announced that they’re closing down or making cuts. Philadelphia’s own Daily News, for example, is no more. Newspaper owners blame a perfect storm of a downturn in the economy, combined with the rise of [...]

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Not Such a Gay Ol’ Time in California

9 October 2008

When all else fails, hit ‘em in the pocketbook… This week, supporters of Proposition 8, which would ban gay marriage in California, released an ad, pictured above. The ad claims that under current law, gay marriage would be promoted in public schools and warned that churches which opposed same-sex unions would lose their tax exempt [...]

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GOP in Galveston, TX works to remove Scientology status

20 April 2008

Last month, a delegate from Galveston County, Texas presented a proposal to the Republican National Convention to revoke tax exempt status for the Church of Scientology. Here is the Resolution: The Resolution Initiative for Texas Resolution Calling for the revocation of the Church of Scientology’s status as a Legitimate religion in the sate of Texas. [...]

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