Nonprofit Benefits – The IRS turns its sights on benefits given by nonprofit organizations. Recently the IRS has turned its sights on benefits given by nonprofit organizations using as its weapon the intermediate sanctions provisions under IRC Sec. 4958. In...
Small Nonprofit Organizations May Lose Their Tax Exempt Status A recent New York Times article has brought back into the spot light a 2006 federal law that could force as many as 400,000 charitable organizations, civic organizations, business leagues, and social clubs...
What Can A Nonprofit Entity Do With Designated Charitable Donations? This article explores three similar, yet different types of “designated” donations a nonprofit charitable organization may receive and explains the rights and responsibilities of both the...
Internal Revenue Service targets Excessive Salaries at Nonprofits. In late July, 1996, President Clinton signed a new law giving the Internal Revenue Service (“IRS”) an additional and more practical weapon to deal with not only executives of nonprofit...
