Several years ago, the Law Firm for Non-Profits obtained exemption for an online investigative newspaper. Despite this exemption, a print newspaper was still unsure as to whether the IRS would recognize it as exempt under section 501(c)(3). After 2 ½ years, the IRS has answered this question in the affirmative. Last month the IRS issued …
Posts Categorized: IRS
Another Church Violates Federal Law, But Will the IRS Do Anything About It?
As we have previously posted, 501(c)(3) organizations may not engage in political activity. But what does that really mean? Actions of a church’s reverend recently gave us another example of what not to do. He wrote a column in the organization’s church bulletin quoting in full a letter criticizing the Obama administration and endorsing Romney. …
Avoid the Payroll Tax Plague
When we recently spoke at CalCPA’s nonprofit committee meeting, we mentioned a big issue plaguing nonprofits – failure to pay payroll taxes. For cash flow or other reasons, nonprofits often fail to make these payments to the IRS and the EDD. These agencies have taken notice and are going after nonprofits that fail to make …
Great News for Nonprofits with LLC Subsidiaries
501(c)(3) organizations frequently create single member limited liability companies to hold assets, some as subsidiaries to protect against risk. However, until now, the IRS would not state whether donations to these single member LLCs were deductible as charitable contributions. As of today, that has all changed. The IRS just released a notice that donations to …
IRS is Happy with New Form 990
Last week, at a hearing of the US House of Representatives Ways and Means Oversight Subcommittee, IRS Deputy Commissioner for Services and Enforcement, Steven Miller, commented on the redesigned Form 990, which was unveiled in 2008. Mr. Miller said that the IRS is happy with the result of the redesigned Form 990, but he also …
LEARN THE LEGAL PITFALLS OF NON-PROFITS
Do you serve on a non-profit board? Or do you count non-profits among your clients? Charitable non-profits operate in a world of laws applicable only to them. The attorneys of the The Law Firm for Non-Profits will teach you how to spot potential legal pitfalls of non-profits before they erupt into disruptive legal problems or …