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IRS Targets Nonprofit Self-Declarers

It’s official. IRS targeting of nonprofit self-declarers will begin this year. Most organizations that qualify for federal tax-exemption other than non-church 501(c)(3) charities do not need to apply for tax-exemption. Whereas may do, they can simply self-declare that they are tax-exempt. When such nonprofit organizations complete their Forms 990 they need only identify their 501(c) …

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WATCH OUT! Phishing Remains a Threat for Taxpayers

February 4, 2015 Posted by Jessica Shofler in IRS, Scams, Taxes

The IRS is warning taxpayers to watch out for fake emails and websites trying to steal personal information that can be used to commit identify or financial theft. The IRS is listing this type of “phishing” scheme on its list of the top tax scams for the 2015 filing season, the typical time when scams …

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For-Profit College Converts to 501(c)(3)

January 16, 2015 Posted by Jessica Shofler in News, Nonprofits

In recent years we’ve converted a university and other 501(c)(3)s into for-profit corporations. But is the trend now reversing? Last year, the Law Firm for Non-Profits helped a for-profit private school become a nonprofit. And at the beginning of 2015, Herzing University, one of Wisconsin’s oldest and largest for-profit career colleges, was converted to 501(c)(3) …

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Telephone Townhall for Nonprofit Organizations

January 14, 2015 Posted by Jessica Shofler in Director Duties, News, Nonprofits, Taxes

Do you have questions about the sales and use taxes that affect nonprofits organizations? Here is your chance to ask your questions directly to the California Board of Equalization. On February 19, 2015 at 10AM, California Board of Equalization member George Runner and the California Association of Nonprofits are hosting a live telephone townhall titled …

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Biggest Donations of 2014 Announced

January 9, 2015 Posted by Jessica Shofler in Donations, News, Nonprofits

While the two biggest charitable donations in 2014 came from men over 80, the top 10 biggest donors reinforced young technology wealth as an important player in philanthropy. The list includes large donations from Nicholas Woodman, the founders of GoPro camera company, and his wife, and Larry Page, a co-founder of Google. The top donation …

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