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 [...]
“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 [...]
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 [...]
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 [...]
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 [...]
Common Good Vermont’s Lauren-Glenn Davitian speaks with Ken Merritt of Merritt & Merritt & Moulton on public benefit corporations which can now be formed in Vermont (as of July 1 2011). Vermont is the fourth state to allow the establishment of these corporations which can concern themselves with general public benefit as well as the [...]
PRESS PLAY ON THE BLACK SCREEN BELOW FOR THE FULL RECORDING Common Good Vermont’s Lauren-Glenn Davitian speaks with Peggy Riley of the on last minute changes, delays in filing, e-file and Free File as well as the many ways that taxpayers can get free tax assistance this year.
Following 18 months of research, the three-member Vermont Legislature’s Blue Ribbon Tax Structure Commission recently released a report Thursday detailing recommendations on how to reform the state’s tax system. Major recommendations for Vermont’s tax policy include: Widening the state’s tax-base Reviewing tax-exempt properties such as nonprofit organizations Put time limits on all tax exemptions and [...]
Starting Off Right: What New 501(c)(3) Organizations Need to Know This free webinar is a fast-paced overview by two IRS Exempt Organizations tax veterans on what new tax-exempts need to do (and what they will want to avoid) to follow IRS rules and keep their tax status in good standing in years to come. This 45-minute session will be held [...]
20% of nonprofit organizations in Vermont are in danger of losing their tax-exemption status this year due to improper paper-work filing (see post here). In the video below, Lauren-Glenn Davitian of Common Good Vermont speaks with Peggy Riley of the Internal Revenue Service on tax exempt issues related to the 1100 Vermont nonprofit organizations not [...]
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