A donor who claims a charitable contribution deduction for any contribution of $250 or more requires that the donor obtain substantiation in the form of a contemporaneous written acknowledgment from the charity. Under an exception to this requirement (Internal Revenue Code Section 170(f)(8)(D)), a contemporaneous written acknowledgment is not required if the charity/donee organization files […]
Entries Tagged as 'tax returns'
IRS Withdraws Proposed Gift Substantiation Regulations
January 27th, 2016 · Comments Off on IRS Withdraws Proposed Gift Substantiation Regulations · charitable contributions, Proposed Regulations, tax returns
How to Rescue the Troubled Nonprofit Seminar
June 26th, 2015 · Comments Off on How to Rescue the Troubled Nonprofit Seminar · California Exempt Status, Loss of Tax-Exempt Staus, state compliance, tax exemption, tax returns
Do you know what to do when federal tax exemption is automatically revoked? Specifically, when federal tax-exemption is automatically revoked, how should a nonprofit re-establish its tax-exemption? What about dealing with “suspended” status with the California Secretary of State? These questions and more will be covered at this presentation. Objectives: ● Learn when exemption will […]
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New UCLA Extension Class: Tax Reporting and Governance for Nonprofit Organizations
March 2nd, 2015 · Comments Off on New UCLA Extension Class: Tax Reporting and Governance for Nonprofit Organizations · California Exempt Status, California nonprofit law, Federal Income Taxes, Governance, intermediate sanctions, Loss of Tax-Exempt Staus, policies and procedures, Private foundations, tax exemption, tax returns
Designed for CPAs, Enrolled Agents, tax managers, controllers, trustees, financial planners, and executive directors, this 12 meetings course presents tax-related guidelines and key issues for nonprofit organizations. Topics covered include a step-by-step process for corporate formation and application for recognition of tax-exempt status, unrelated business income, taxation of commercial activities conducted through joint ventures and […]
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Small Nonprofit Consultation Checklist
March 10th, 2014 · Comments Off on Small Nonprofit Consultation Checklist · Federal Income Taxes, Governance, Loss of Tax-Exempt Staus, nonprofit checklist, policies and procedures, state compliance, tax exemption, tax returns
At the Tax Section Exempt Organizations Committee Meeting of the American Bar Association, held on January 24, 2014, a Small Nonprofit Consultation Checklist was presented. Note: This checklist is designed for small public charities organized as nonprofit corporations. Charitable trusts, private foundations and supporting organizations should not rely on this checklist. Governing Documents Articles of […]
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