Recently, the IRS drafted a vastly simplified version of the exemption application, called Form 1023-EZ. In comparison to the 101 hours estimated by the IRS to complete the Form 1023, the IRS estimates that the Form 1023-EZ will take only approximately 14 hours. The 1023-EZ doesn’t require a narrative description of activities. It also doesn’t …
Posts Categorized: IRS
House Committee Finds Lerner in Contempt
The House Oversight and Government Reform Committee voted today to hold Lois Lerner, former IRS exempt organizations division head, in contempt of Congress for refusing to answer the Committee’s questions regarding her involvement in the 501(c)(4) scandal. The news is certainly no surprise after the damning report the Committee released last month about Lerner. It …
Retroactive Deductions for Philippines Relief Donations
The Philippines Charitable Giving Assistance Act, enacted March 25, 2014, allows taxpayers who make cash contributions on or before April 14, 2014 for Philippines typhoon relief to claim charitable deductions for the contributions on their 2013 returns. Eligible contributions may be claimed on either a 2013 or 2014 return, but not both. “Cash” contributions include …
IRS Fixes Retroactive Automatic Revocation Catch-22
You probably know that it can take a very long time for the IRS to review your organization’s exemption application. What you may not know is that a new nonprofit is required to file its Form 990, 990EZ, or 990N-ePostcard even while its application is pending. This means that it is possible that by the …
Contempt Charges Against Lerner Green Lighted
Lawyers for the House of Representatives have concluded that the House Oversight and Government Reform Committee has legal standing to pursue contempt charges against Lois Lerner. Lerner is the former head of the exempt organizations division of the IRS. The contempt charge comes from Lerner’s refusal to testify before the Committee earlier this month. The …
Big Trouble for College Football?
Today the Chicago District of the National Relations Board ruled that football players at Northwestern University are employees and can unionize. The Board found that players’ scholarships are tied directly to their performance on the field, they are working between 20-50 hours per week, and they are generating millions of dollars for the university. This …