Thursday, September 30, 2010

Outreach Toolkit for Partner Use - Revocation of Small Tax-Exempt Organizations That Failed to File for Three Consecutive Years

Outreach Toolkit for Partner Use - Revocation of Small Tax-Exempt Organizations That Failed to File for Three Consecutive Years: "Outreach Toolkit for Partner Use - Revocation of Small Tax-Exempt Organizations That Failed to File for Three Consecutive Years


IRS Exempt Organizations provides the following materials for use by stakeholder groups and others interested in helping small tax-exempt organizations qualify for one-time filing relief and retain their tax-exempt status. We encourage you to take advantage of these educational materials, and other materials that can be found on IRS.gov under Charities & Non-Profits, at www.irs.gov/thelist."

S.C. citizens should be heard on change to legalize raffles

S.C. citizens should be heard on change to legalize raffles: "HE ISSUE: Changing S.C. gambling laws

OUR OPINION: Churches, civic clubs should not find themselves breaking the law

Critics say it opens the door to legalized gambling beyond the S.C. Education Lottery, but legislation that would sanction raffles held by churches, civic groups and non-profit organizations enjoys support among lawmakers on both sides of the aisle."

Coalition Calls for Immediate Ban on Tax Strategy Patents | Planned Giving Design Center

Coalition Calls for Immediate Ban on Tax Strategy Patents | Planned Giving Design Center: "A coalition of eighteen national organizations led by AICPA and representing consumer, taxpayer, charitable, financial planning, and tax advisor groups have sent a letter urging lawmakers to enact legislation to ban tax strategy patents during the current Congress."

Baucus Calls on IRS to Investigate Exempt Organizations' Political Activities | Planned Giving Design Center

Baucus Calls on IRS to Investigate Exempt Organizations' Political Activities | Planned Giving Design Center: "Senate Finance Committee Chair Max Baucus, D-MT. has requested the IRS investigate the political activities of section 501(c)(4), 501(c)(5), and 501(c)(6) organizations to ensure special interests aren't using tax-exempt groups to influence communities and spend secret donations."

Friday, September 17, 2010

Home - StayExempt.org

Home - StayExempt.org: "Welcome to Stay Exempt,
an IRS 'micro' site...

…created especially for 501(c)(3) organizations! Whether you are new to the world of tax exempt organizations, an old hand at managing them, or a tax professional who works with them, you will find something of interest here.

Feel free to explore the site – the educational resources here are many and varied:"

Thursday, September 16, 2010

In the Arts: N.Y. Board Drops Rules on Museum Art Sales; Warner Bros. Supports Smithsonian Cinema - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas

In the Arts: N.Y. Board Drops Rules on Museum Art Sales; Warner Bros. Supports Smithsonian Cinema - Philanthropy Today - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "In the Arts: N.Y. Board Drops Rules on Museum Art Sales; Warner Bros. Supports Smithsonian Cinema

The New York State Board of Regents agreed Tuesday to abandon restrictions on museums selling art to cover their operating costs, according to The New York Times.

The board had been expected to make the regulations imposed in 2008 permanent following the failure of a state bill to bar such “deaccessioning” of museum collections. But David Steiner, the state’s education commissioner, said that “there was no consensus on the efficacy of the regulations,” which will be allowed to expire on October 8."

Monday, September 13, 2010

Ottawa to continue matching donations for Pakistan - CTV News

Ottawa to continue matching donations for Pakistan - CTV News: "The government announced Sunday it will continue to match Canadians' donations to flood-ravaged Pakistan for another three weeks.

House Leader John Baird told an Ottawa news conference the government will continue to match every dollar of private donations, extending its original six-week program that was to expire on Sunday."

Wednesday, September 01, 2010

Treasury in talks to provide tax breaks on property gifts - Third Sector

UK news

Treasury in talks to provide tax breaks on property gifts - Third Sector: "The move would help to boost 'lifetime legacies', which allow donors to give property to charities after they die
The Treasury is in talks with voluntary sector bodies over offering tax breaks for US-style 'lifetime legacies', which allow a donor to give property to a charity but retain use of it during their lifetime.
Any such donation to a charity does not currently attract a tax break unless the charity receives the full benefit of the gift immediately."

IRS Updates FAQ for Revocation of Tax-Exempt Status | Planned Giving Design Center

IRS Updates FAQ for Revocation of Tax-Exempt Status | Planned Giving Design Center: "The IRS has updated its frequently asked questions for automatic revocation of tax-exempt status for organizations that fail to file annual returns or notice."