There is no doubt that your organization has heard a lot about the Affordable Care Act in the last few months. But did you know that the Act requires California employers to notify all employees about the existence of Covered California (California’s new insurance marketplace) and the ability for employees to purchase health insurance through …
Posts Categorized: News
Free Tax Seminar for Nonprofits
Representatives from the Board of Equalization, Employment Development Department, Franchise Tax Board, and Attorney General’s Office are coming together to talk about nonprofit and exempt organizations this Tuesday, September 17, 2013 in Lake Forest. Although a hike for some, this tax seminar should be well worth it for all nonprofit managers. There will be presentations …
IRS To-Do List (AKA Priority Guidance Plan)
Every year around this time the IRS releases its to-do list for the upcoming year. The IRS calls it the Priority Guidance Plan. Each plan identifies the main issues that the IRS hopes to tackle in the upcoming year. But like any good to-do list, the items on the list are not guaranteed to get …
Should Social Welfare Organizations Be Treated More Like Charities?
Currently, the IRS requires 501(c)(4) social welfare organizations to be “primarily engaged” in promoting social welfare. This means social welfare organizations can spend a minority of their total expenditures on political campaign activity without losing their exemption. As these organizations are not required to publicly disclose the sources of their funds, it also means that …
Charitable Registration Just Got Easier
Your nonprofit can cross one item of its to-do list. As of September 2013, Arizona will become of the few states without a charitable registration requirement. Arizona Governor Janice Brewer signed into law last month legislation repealing the requirement for charities to register in the state prior to soliciting donations. The Governor signed the bill …
To Disclose or Not to Disclose
If someone requests that your nonprofit disclose its exemption documents, must your organization comply? In general, yes. An exempt organization must make publicly available its last three annual returns and its IRS application for exemption. Note, however, that an exempt organization, other than a private foundation, does NOT need to disclose the names and addresses …