Nonprofits Face Increased Scrutiny From IRS
The Internal Revenue Service says it plans greater scrutiny of a wide range of charity activities in 2011, including loans nonprofits make to top officials and whether they paid sufficient employment taxes. The plans follow stepped-up efforts over the past few years to oversee nonprofits. Figures…
By Eric Frazier
Contributor
How a D.C. Community Won ‘Promise’ Designation
The D.C. Promise Neighborhood Initiative won a federal grant in part because it pulled together a diverse group of charities, businesses, individuals, and city agencies.
By SUZANNE PERRY
Contributor
Against Tough Odds, a ‘Promise Neighborhood’ in D.C. Gears Up
By bringing together powerful players in the nation’s capital, a small charter-school network won a big federal grant to expand its work to curb poverty.
By SUZANNE PERRY
Contributor
Senator’s Investigation Into Ministries Leads to Tax Review
Sen. Charles E. Grassley has ended his investigation of six television evangelists by calling for a review of a range of tax issues that could affect many charities.
By SUZANNE PERRY
Contributor
Connecticut’s New Governor Creates Cabinet Position for Nonprofits
With budget problems mounting, Connecticut’s new governor wants to make sure nonprofits aren’t getting unfairly squeezed.
By SUZANNE PERRY
Contributor
Congress Urged to Set Time Limit on Revoking Tax-Exempt Status
The national taxpayer advocate also suggests that the tax code be simplified by eliminating some tax breaks.
By SUZANNE PERRY
Contributor
The New Congress Will Bring New Agenda for Nonprofits
As the new Congress takes office, the nonprofit world waits to see how some of its new power players, such as Rep. Dave Camp, will approach key issues that affect charities.
By SUZANNE PERRY
Contributor
New Effort Rallies Americans to Donate Tax Cuts to Charity
Seeking to mobilize people angered by Congress’s tax deal, three professors are urging people to give away the money they earned when lawmakers extended Bush-era tax cuts.
By SUZANNE PERRY
Contributor
IRS Steps Up Scrutiny of Nonprofits
With more workers to oversee charities, the tax agency is focusing on loans to charity officials and unpaid employment taxes.
By Eric Frazier
Contributor
New Tax Deal Lowers Estate Tax and Extends IRA Charity Break
Congress took action last week on two key issues affecting nonprofit fund raising -- the estate tax and donations from individual retirement accounts.
By Eric Frazier
Contributor
Obama Creates Council to Promote Social Change
President Obama has created a council to advise the federal government on ways to promote innovative social projects and get more Americans involved in civic affairs.
By SUZANNE PERRY
Contributor
Buffett and Gateses Talk With President About ‘Giving Pledge’
Warren Buffett and Bill and Melinda Gates visit the White House to talk about philanthropy, education, and more.
By Caroline Preston
Contributor
Senate Bill Would Extend IRA Tax Break for Charitable Gifts
Senators are considering a measure to allow older Americans to give up to $100,000 a year without paying any taxes.
By SUZANNE PERRY
Contributor
Nonprofits Urged to Fight New Estate-Tax Deal
Independent Sector, a coalition of charities and foundation, is urging people in the nonprofit world to point out the possible harm nonprofits will face from changes in the estate tax now under debate.
By SUZANNE PERRY
Contributor
Bill to Improve Government Support for Charities Faces a Tough Climb
A measure designed to collect better data about nonprofits and streamline grants and contracts rules for charities has failed to attract widespread support from lawmakers.
By SUZANNE PERRY
Contributor
Key Panel Seeks to Revamp Charity Tax Breaks
A new plan to reduce the federal deficit offers a fresh proposal to restructure the way the government treats write-offs for charitable gifts by changing them from deductions to credits.
By SUZANNE PERRY
Contributor