taxation

I’m on TV Tonight With Asa Aarons

July 18, 2011

I was interviewed today by Asa Aarons for tonight’s Consumer Watch segment of the evening news on the Time Warner cable network. We talked about the IRS’s automatic revocation of tax-exempt status list, and what it means for donors and charities. If you missed it, here you go. I’d love feedback and comments either here […]

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IRS Tells Us What ‘Good Governance’ Means, Part Uno

June 21, 2011

We hear this language all the time in charity circles:   governance accountability transparency board responsibilities conflict of interest whistleblower protection executive compensation document retention … and other words and phrases in the nonprofit lexicon. What do they mean to the federal agency that reviews public charities when they apply for tax-exempt designation and again […]

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The IRS List Is Out, And You Want to Get Off It

June 9, 2011

The Internal Revenue Service released its list of 275,000 organizations that have lost federal tax-exempt status because they failed to file with the Service for three consecutive years. The Chronicle of Philanthropy reported it yesterday. The New York Times reports it today. I’d like to go deeper. What do you do to get tax-exempt status […]

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IRS “Dirty 320,000″ List Coming

April 19, 2011

GuideStar advised in an email yesterday that IRS will soon release its “Nonfiler Revocation List.”  The Service says the same in a February article. According to GuideStar, the list contains “as many as 321,000 nonprofits.”  That’s one-quarter of all the public charities in the United States.  The New York Times had the same estimate in coverage last April, […]

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Nonprofit Radio for March 18, 2011: Legislative Lookout and APPrehensive

March 17, 2011

Big Nonprofit Ideas for the Other 95% You can subscribe on iTunes and listen anytime, anyplace on the device of your choice. Legislative Lookout: I’ll discuss the possible change in the charitable deduction with nonprofit lobbyist Perry Wasserman. Perry is managing director of 501(c) Strategies, a Washington, DC-based lobbying firm that works exclusively with nonprofit […]

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More Nonprofits Filing Long IRS Form This Year

March 1, 2011

Last year there was a big concern over charities losing their tax-exempt status if they hadn’t filed any annual tax form with the IRS for three consecutive years. This year, more nonprofits face the requirement of filing the longest form, as IRS reduces the filing threshold. Public nonprofits enjoy a short menu of forms, and […]

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Stop Squawking About Charitable Deduction Reduction

February 15, 2011

Obama’s 2012 budget proposal is out and it revives the charitable deduction limitation for wealthy donors. That means we’ll have to listen to the doomsayers, like Independent Sector’s Diana Aviv, exclaim how devastating this will be to the nonprofit community. From last December, here’s a preview of what we’ll hear very shortly. The only nonprofits […]

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What Does Your Charity’s Conscience Say?

February 14, 2011

National Public Radio reporting confirms what I have believed for years: IRS does not have sufficient resources devoted to policing the nation’s charities. That means the community must keep itself clean. In NPR’s coverage, I’m focusing on the blog page where the story is posted. Not the four minute story, but the blog post and […]

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Florida TV & Radio Appearances

January 16, 2011

Florida in January. Not so bad. I’ve got two south Florida media guest appearances coming up. On January 20th I’ll be on the Michael Chatman Giving Show. It airs at 11:30AM Eastern on the web and, for those near South Beach Miami, on AM 880. For months on Twitter, Michael has been saying I’m the […]

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Gift Possibility Remains For 2010 IRA Rollovers

January 10, 2011

There’s still a chance for your charity to get a 2010 IRA rollover, even though re-contribution is not allowed. When I posted about the revived IRA charitable rollover, a question arose among the comments. Advisors wondered if those over 70 1/2 who had already met their 2010 minimum required distribution (or MRD, which most taxpayers […]

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