IRS: When Charities Lose, Everybody Loses

Tax-exempt organizations that fail to satisfy annual filing requirements for three consecutive years automatically lose their tax-exempt status. The IRS is providing one-time relief that will allow small exempt organizations to come back into compliance and retain their tax-exempt status even though they failed to file for three consecutive years. If an organization loses its […]

Tweets of the Week – 5/21/10

Here are some of my favorite posts of the week: GTak: UK Prime Minister David Cameron says social enterprise is key to Big Society reform http://is.gd/cgjNs GTak: Reprieve? IRS Commissioner tells organizations to file 990 even if the deadline has now passed. http://bit.ly/aBiAa p2173: LawForChange – legal network for social entrepreneurs http://bit.ly/box3dR  jessamynlau: Commonwealth Club […]

Mergers – Due Diligence Items

  I had a nice opportunity today to talk with the folks at La Piana Consulting, a national firm dedicated to strengthening nonprofits and foundations, about nonprofit mergers from a legal perspective.  La Piana Consulting was founded by David La Piana, a leading expert on strategic restructuring – including mergers, joint ventures, consolidations, and joint […]

Tweets of the Week – 1/15/10

Here are some of my favorite tweets of the past week: GTak: Hybrids: B corporation … L3C … H corporation? http://bit.ly/4X9NZq (Cal Lawyer); http://bit.ly/8nLMoN (Katovich Law) GTak: CA FTB Update: Sending revocation letters to nonprofits that have been suspended – if revoked, need to reapply w/Form 3500 (not 3500A) GTak: CA AG Update: Franchise Tax Board will be notified of suspension/revocation of […]

Tweets of the Week – 1/8/10

Here are some of my favorite tweets of the past week: GTak: @p2173 Bioviolence: a terrifying forecast. How should nonprofits prepare for trends we don't want to think about like terrorism & pandemics? GTak: IRS – Statistical Information About Tax-Exempt Organizations - http://is.gd/5Ox3w GTak: Q: What's a "church" under federal tax laws? A: See this 2009 case - http://bit.ly/4MGmHs […]

Department of Treasury 2009-2010 Priority Guidance Plan

The joint Department of Treasury/IRS priority guidance plan for 2009-2010 (10/1/09 – 9/30/10) includes the following items of interest to tax-exempt organizations: Revenue procedure to provide terms for hosts of CyberAssistant software (used to generate Form 1023 exemption applications for a reduced user fee). Final regulations on the new requirements for Type III supporting organizations. […]