There is good news (Federal) and not-so-good news (California). First the good news. The Internal Revenue Service today announced a one-time offer to small nonprofit organizations at risk of losing their tax-exempt status because they failed to file required returns for 2007, 2008, and 2009. The organizations can preserve their exempt status by filing returns […]
Entries Tagged as 'charitable organizations'
Update Regarding Revocations of Exempt Status: Federal and California
July 26th, 2010 · Comments Off on Update Regarding Revocations of Exempt Status: Federal and California · California Exempt Status, Federal Income Taxes, Loss of Tax-Exempt Staus
Missed the May 17th Filing Deadline? File Return Anyway
May 18th, 2010 · Comments Off on Missed the May 17th Filing Deadline? File Return Anyway · Charity, Federal Income Taxes, Loss of Tax-Exempt Staus
The May 17, 2010 deadline has passed for filing the required information returns. See the post below “Don’t Throw Away Your Tax Exempt Status” IRS Commissioner Doug Shulman issued a statement to reassure small organizations that the IRS will do what it can to help them avoid lose their tax-exempt status. See the following link
Don’t Throw Away Your Tax Exempt Status
April 29th, 2010 · Comments Off on Don’t Throw Away Your Tax Exempt Status · Charity, Federal Income Taxes
IRS has posted new FAQs and an audio interview discussing the automatic revocation of tax-exempt status for failure to file information tax returns. The IRS has an audio “Don’t Throw Away Your Tax Exempt Status.” or a script of the podcast. Also check out the audio “Haven’t Filed a Tax Return in Years” (or a script of […]
Changes to Corporations Code for Nonprofit Organizations
October 31st, 2009 · Comments Off on Changes to Corporations Code for Nonprofit Organizations · California nonprofit law
Governor Schwarzenegger signed AB 1233, which is based on an Affirmative Legislative Proposal of the Nonprofit Committee. The law makes a number of changes to the California Corporations Code as applied to nonprofit corporations and unincorporated associations. These changes concern the designation of certain persons as directors, the termination of individual approval rights for changes […]
Tags:charitable organizations·Governance·nonprofit·Nonprofit Integrity Act of 2004
Los Angeles Business Taxes, Exemption and Refunds for Charities
October 16th, 2009 · Comments Off on Los Angeles Business Taxes, Exemption and Refunds for Charities · Charity, State and Local Taxes, Uncategorized
Is your charitable organization paying the Los Angeles business tax? As a result of state legislation, the City of Los Angeles amended its municipal code to authorize the Director of Finance to issue a Tax Exempt Registration Certificate to charitable, non-profit or religious institutions. If your organization is exempt under Internal Revenue Code Section 501 […]
Tags:business taxes·charitable organizations·Charity·refunds