The IRS has issued final regulations addressing payout amounts for Type III non-functionally integrated supporting organizations. These regulations close the loop…
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IRS Developments
Tis The Season For Contemporaneous Written Acknowledgements
The IRS issued an unusual email clarification this week in order to reassure charitable organizations that they are not required…
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IRS Provides Key Investment Piece: Guidance on Mission-Related Investments
In a long-awaited clarification for private foundations, the IRS recently issued Notice 2015-62 regarding the application of Section 4944’s prohibition on…
READ MORE IRS Examines Deductibility of Marketing-Minded Business Donations
More and more, businesses are announcing that they will give a certain percentage of sales or other proceeds to nonprofits…
READ MORE IRS Clarifies Donee Reporting Option for Deductible Contributions
The IRS has issued proposed regulations that would implement the statutory exception to the “contemporaneous written acknowledgement” requirement for substantiating charitable…
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IRS Finalizes Regulations on Foreign Grant-making by Private Foundations
This week, the IRS finalized regulations that simplify the process of private foundation grants to foreign non-governmental organizations. The regulations…
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Push for Electronic Filing, Readability of 990s Picking Up Steam
An Internal Revenue Service advisory panel recently pressed the agency to require all nonprofits to file their requisite Form 990…
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Mission, Program Investing Targeted as Tool in Climate Change Arena
Last week, the White House hosted a Clean Energy Investment Summit where Vice President Joe Biden highlighted more than $4…
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Supporting Organizations Face More Reporting on 2014 Form 990
This year, as supporting organizations gear up for the May 15 Form 990 filing due date, they may need to…
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Shorter Not Always Sweeter: IRS Facing Some Backlash over Form 1023-EZ
A New York Times article last week focused on criticism the IRS is facing over the streamlined Form 1023-EZ, which allows…
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