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8 Tips for Running a Valid Accountable Plan
Posted By Saaib Uppal, Staff Accountant If you are managing a nonprofit company that carries an accountable plan for employee business expense reimbursements, you should ensure that you are in...
View ArticleFiling Deadline Extended to March 30 for Some Tax-Exempt Organizations
Posted by Saaib Uppal Don’t you just love the holiday season? People are walking around with smiles, vacations are being used, and parties fill your calendar. It seems as if the Internal Revenue...
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Minister Housing Allowance Allowed…Or Is It?
Posted by Christina K. Bell This past Sunday while reading my church bulletin, I was intrigued by an article that discussed how a Wisconsin-based Freedom from Religion Foundation had filed a suit to...
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We Received a 2012 Contribution…or Did We?
Posted by Larry Gentile If you are one of the many organizations that are qualified by the IRS to receive deductible charitable contributions, then the months of December and January can be a tricky...
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Quid Pro Quo Donations
Posted by Chris Ciminera It is customary for nonprofit organizations to occasionally hold an event to raise funds to further its mission or for other charitable purposes. I know specifically that one...
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You Can’t Have Your Cake and Take a Deduction For it Too
Posted by Saaib Uppal Who came up with the proverb, “You can’t have your cake and eat it too?” While history doesn’t give a definitive answer, we can start by checking the archives of the Internal...
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April Fools? IRS Sending Penalty Notices to Exempt Organizations Erroneously
Posted by Jonathan D. Moll, CPA I was somewhat relieved that April 1st fell on a Sunday this year. This meant that the volume of intra-office April Fool’s pranks was greatly reduced. I did not have to...
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“Lifting the Veil” on the IRS Exempt Organizations Office
Posted by Jonathan D. Moll, CPA I often discuss with my nonprofit clients the importance of knowing what the IRS is thinking about. Most of my clients agree with me. A few of my dissenting clients...
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New IRS Search Feature
Posted by Michael E. Mast, CPA The IRS has released a new search tool called Exempt Organizations Select Check. This new tool allows users to search the following IRS nonprofit listings: Organizations...
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It’s O.K. to be Heard
Posted by Christina K. Bell On a daily basis nonprofit organizations, along with those they serve, face critical issues, financially and nonfinancially; however, due to common misconceptions about...
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