Tag Archives: IRS

Hoodwinked? As Nonprofits Focus on Charitable Deduction, Sequestration Cuts Inflict Pain

March 7, 2013 – 2:46 pm

From our friends at Nonprofit Quarterly: Next in the sequence of fiscal cliff standoffs is the renewal of the continuing budget resolution, which keeps the federal government running in the absence of an approved federal budget. That’s supposed to happen by March 27th, or else the government almost grinds to a halt but for certain [...]

By CommonGood VT | Posted in Funding, News | Also tagged , , , , | Comments (0)

Report: The IRS and Nonprofit Media – Toward Creating a More Informed Public

March 7, 2013 – 12:33 pm

Michael Levine, of Flywheel Communications shared this new report from the Council on Foundations and Knight Foundation on nonprofit media and the IRS. The Federal Communications Commission issued a report in 2011 concluding that accountability reporting, especially at the local level, has contracted dramatically, with potentially grave consequences for communities, government responsiveness, and democracy. Moreover, [...]

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News: Witnesses at House Hearing Link Charitable Giving Incentive to Community Needs

February 25, 2013 – 10:51 pm

From the National Council on Nonprofits:On February 14th, the House Ways and Means Committee, the tax-writing committee with jurisdiction over charitable giving incentives and tax-exemption policies, held a hearing on “Tax Reform and Charitable Contributions.” Of vital interest, the testimony and questions focused almost exclusively on the people and communities that benefit from the work [...]

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Improve Your Financial Health

February 12, 2013 – 7:52 pm

From the Chronicle of Philanthropy: If your organization requested an extension for your 990 filing, remember that your deadline is coming up March 15th. Be sure to check whether you are eligible for the Small Business Health Care Tax Credit when filing. Learn about key areas small nonprofits should focus on to improve their financial [...]

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Editorial on Tax Policy: Charity, Taxes, Government, and Community

December 19, 2012 – 5:22 pm

In recent weeks, nonprofit organizations have been mobilizing against an emerging threat: the chance that Congress will limit tax deductions for charitable gifts. As lawmakers in Washington negotiate a way around the “fiscal cliff,” this strategy is being discussed as an opportunity to increase government revenue. Tax deductions provide an incentive for giving, and many nonprofit leaders fear that scaling back deductions will make it harder to raise money.

By CommonGood VT | Posted in Learn from the Pros | Also tagged , , , , , | Comments (0)

Toolkit: IdeaEncores of the Week 1/17/2012

January 18, 2012 – 10:45 am
IdeaEncore Logo 0909

Presented by our partner IdeaEncore, a nonprofit resource center and a community of people who exchange information, provides insightful, easy-to-consume information shared by leaders in the nonprofit sector. An effective accounting process is the first step to sound financial management in a nonprofit. Implementing good accounting practices can ease the stress of preparing the Form [...]

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Toolkit: How to Survive an IRS Audit

January 10, 2012 – 3:31 pm

“I Survived an IRS Audit” by Steve Zimmerman appears in Blue Avocado — a nonprofit online magazine for community nonprofits, published for free every third Tuesday to more than 50,000 subscribers.  Uh oh. We are all afraid of getting audited by the IRS, but we don’t really know what would happen in one. Here is [...]

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Toolkit: TAX FAQ for VT Nonprofits

December 20, 2011 – 2:54 pm

Kerry  J. Claffey of CopperHill Tax Services shared update about rooms & meals and sales taxes via the Upper Valley Nonprofit ListServ—a discussion list is provided at no cost as a community service  by ValleyNet. Visit http://www.valley.net for more information on this non-profit community organization. Kerry can be reached CopperHill@myfairpoint.net, 802-765-4019. Q. Are nonprofit organization’s [...]

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IRS Embraces Social Media to Communicate Tax Information

August 9, 2011 – 5:56 pm
Internal Revenue Service United States Department of the Treasury

The IRS uses new and social media tools to share the latest information on tax changes, initiatives, products and services. Connect with the IRS The IRS uses new and social media tools to share the latest information on tax changes, initiatives, products and services. IRS has launched IRS2Go, a smartphone application that lets you interact [...]

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Toolkit – How to Get Your IRS Tax-Exemption Status Back

July 27, 2011 – 1:19 pm

Click here for an IRS Video on how to get your Tax-Exempt Status Back NON-PROFITS: REACTIVATING TAX-EXEMPT STATUS THROUGH “SPECIAL PROCEDURES” By: Jason E. Cole, Esq., CPA Email: jcole@devinemillimet.com Phone: 603.695.8566 Recently, close to 275,000 organizations nationwide had their status as tax-exempt non-profits revoked, with the Internal Revenue Service releasing a list of non-profit groups [...]

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