As the Internal Revenue Service ramps up its audit staff, its gaze is extending beyond the for-profit sector. IRS audits of public charities are also increasing.
We have recently assisted several charities with their...more
This is the second of a two-part Alert to guide nonprofit organizations in preparing for upcoming filing deadlines and implementing best practices for the onset of a fiscal year. ...more
5/11/2022
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The IRS Form 990/990-PF deadline is fast approaching for most nonprofit organizations. This deadline should also prompt nonprofits to engage in a start-of-the-year review of its state filings, insurance coverage, donor...more
This is the second of a two-part Alert to guide nonprofit organizations in preparing for upcoming filing deadlines and implementing best practices for the onset of a fiscal year.
In Part I of the Alert, we discussed Form...more
During this unprecedented crisis, for-profit corporations have strategic options to assist their workers by providing deductible hardship and disaster grants that are tax-free to employees.
Hardship and disaster grants...more
This is the second of a two-part Alert to guide nonprofit organizations in preparing for upcoming filing deadlines and best practices for the upcoming fiscal year.
In Part I of the Alert, we discussed Form 990/990-PF...more
For most nonprofit organizations, the IRS Form 990/990-PF deadline is fast approaching. This Form 990/990-PF deadline should also prompt nonprofits to engage in a start-of-the-year review of its state filings, insurance...more
The nonprofit sector has seen a dramatic rise in the number of mergers and reorganizations. The constant need to reduce costs, especially in the health care sector, seems to be the driving force behind the movement.
When...more
For nonprofit organizations, the IRS Form 990 return must be filed on or before the 15th day of the fifth month following the fiscal year-end – or May 15 for those using a Dec. 31 year-end.
This deadline should also...more