In April we told you that that the Nassau County State Supreme Court in New York ruled that Governor Andrew Cuomo had overstepped his authority when he issued an executive order putting a cap on executive salaries at state-supported nonprofits to $199,000 unless the charity secures a waiver from the state to pay more. Last …
Posts Tagged: NonProfits
Can Donors Trust 1023-EZ?
Donors rely on 501(c)(3) to indicate that an organization is carrying out charitable activities. But since the IRS released the streamlined exemption application (Form 1023-EZ), should they still do so? The National Taxpayer Advocate (TAS) is an independent organization within the IRS that helps taxpayers who are having trouble resolving problems with the IRS. On …
Another Win for NY AG Schneiderman
New York Attorney General Eric T. Schneiderman is following his big win earlier this month with a $522,000 pay out from a Brooklyn rabbi who collected hundreds of thousands of dollars for fake charities. Rabbi Yaakov Weingarten pled guilty in NY State Supreme Court to felony tax fraud for soliciting donations from thousands of donors …
To Take Or Not to Take … (A Scandalous Donation)
America’s historically black colleges and universities are facing a hard choice: continue struggling for much needed funds or accept a donation from David and Charles Koch. From one perspective, this is a win-win scenario. The colleges get funding in the face of decreases in government funding and aid and the Koch brothers will perhaps attract …
IRS Crippled by Tea Party Scandal
In the wake of the tea party scandal, you might think that Congress would want to bolster up the IRS’s exempt organizations division to ensure proper staffing and oversight. But you would be wrong. The House recently cut the IRS tax enforcement division budget by $1.2 billion (a 25% cut). The cut is a reflection …
Failure to Preserve Lerner's Emails Violative of Federal Law?
The IRS’s failure to preserve former IRS official Lois Lerner’s emails is continuing to be problematic for the IRS and now appears to be causing trouble for the White House too. Cause of Action, a 501(c)(3) nonpartisan government watchdog, recently released a memo alleging that the IRS’s failure to preserve Lerner’s emails may constitute a …