Tuesday, April 26, 2011
The Nonprofit Quarterly | @npquarterly | In Tough Times Nonprofits Face What Feel Like Taxes
The Nonprofit Quarterly | @npquarterly | In Tough Times Nonprofits Face What Feel Like Taxes: "The Boston Globe reports that 40 of the city's largest nonprofits with property valued at $15 million or more have received letters from the city requesting them to make regular and voluntary tax payments based on the value of their holdings. The new plan requires the affected nonprofits, including those making smaller Payments in Lieu of Taxes (PILOTs) for years, to now pay up to 25 percent of what they'd be billed if they weren't exempt from property taxes."
Monday, April 25, 2011
Small Business Health Care Tax Credit: Frequently Asked Questions
Small Business Health Care Tax Credit: Frequently Asked Questions: "2. Can a tax-exempt organization be a qualified employer?
A. Yes. The same definition of qualified employer applies to an organization described in Code section 501(c) that is exempt from tax under Code section 501(a). However, see Q/A-11 for special rules that apply in calculating the credit for a tax-exempt qualified employer. An employer that is an agency or instrumentality of the federal government, or of a state, local or Indian tribal government, is not a qualified employer unless it is an organization described in Code section 501(c) that is exempt from tax under Code section 501(a)."
A. Yes. The same definition of qualified employer applies to an organization described in Code section 501(c) that is exempt from tax under Code section 501(a). However, see Q/A-11 for special rules that apply in calculating the credit for a tax-exempt qualified employer. An employer that is an agency or instrumentality of the federal government, or of a state, local or Indian tribal government, is not a qualified employer unless it is an organization described in Code section 501(c) that is exempt from tax under Code section 501(a)."
Majority Of Tax-Exempts Pay Tax Anyway
Majority Of Tax-Exempts Pay Tax Anyway: "Majority Of Tax-Exempts Pay Tax Anyway
By Samuel J. Fanburg
Some 63 percent of nonprofits reported paying various types of fee and taxes to local and state governments during 2010. Of these types of assessments, 17 percent reported paying field-specific taxes, 36 percent paid “other payments,” 9 percent paid PILOT (payments in lieu of taxes) and 42 percent of nonprofits paid user fees."
By Samuel J. Fanburg
Some 63 percent of nonprofits reported paying various types of fee and taxes to local and state governments during 2010. Of these types of assessments, 17 percent reported paying field-specific taxes, 36 percent paid “other payments,” 9 percent paid PILOT (payments in lieu of taxes) and 42 percent of nonprofits paid user fees."
Tuesday, April 19, 2011
Nonprofits Call for Changes to 'Arcane' Lobbying Rules - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
Nonprofits Call for Changes to 'Arcane' Lobbying Rules - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "Independent Sector, the coalition of charities and foundations, says it is time to explore ways to change the federal rules that restrict nonprofit lobbying.
Nonprofit and legal experts, who discussed the issue at a closed-door meeting last week, criticized existing lobbying rules as “arcane” and “vague to the point of being dysfunctional,” says Diana Aviv, Independent Sector’s president."
Nonprofit and legal experts, who discussed the issue at a closed-door meeting last week, criticized existing lobbying rules as “arcane” and “vague to the point of being dysfunctional,” says Diana Aviv, Independent Sector’s president."
Monday, April 18, 2011
The Nonprofit Quarterly | @npquarterly | AG Opinion Freezes Payments to Virginia Nonprofits
The Nonprofit Quarterly | @npquarterly | AG Opinion Freezes Payments to Virginia Nonprofits: "| In Virginia, attorney general legal opinions are supposed to be advisory, and not have the full effect of law. But, according to the Washington Post, unless lawmakers can find a way around Ken Cuccinell's ruling last January that the state's constitution bars grants to private charities, 'groups that work with some of the state’s neediest residents' could lose millions of dollars in funding."
Monday, April 11, 2011
States Offer Charity ‘Checkoffs’ To Give Through Taxes | Nonprofit News
States Offer Charity ‘Checkoffs’ To Give Through Taxes | Nonprofit News: "Though tax season is dreaded by most, it brings with it an added bonus. Tax refunds are the silver-lining of filing tax returns and, though for some they can be an essentially needed financial boost, they also provide opportunities to give back.
Many states offer “Checkoffs,” a list of nonprofit organizations that taxpayers can contribute to directly from their tax refunds. By providing a simple, straightforward way to donate, this small step is going a long way to help others."
Many states offer “Checkoffs,” a list of nonprofit organizations that taxpayers can contribute to directly from their tax refunds. By providing a simple, straightforward way to donate, this small step is going a long way to help others."
IRS Warns of Tax Abuses Involving Nonprofits - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas
IRS Warns of Tax Abuses Involving Nonprofits - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: "IRS Warns of Tax Abuses Involving Nonprofits
April 8, 2011, 7:51 pm
By Lisa Chiu
As tax season ticks down, the IRS is warning Americans not to abuse deductions for charitable giving.
The IRS, in its annual list of the year’s “dirty dozen” tax scams, says that attempts to abuse charitable organizations and deductions are among the most common efforts to skirt the tax code."
April 8, 2011, 7:51 pm
By Lisa Chiu
As tax season ticks down, the IRS is warning Americans not to abuse deductions for charitable giving.
The IRS, in its annual list of the year’s “dirty dozen” tax scams, says that attempts to abuse charitable organizations and deductions are among the most common efforts to skirt the tax code."
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