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Archive for 2015

Public Disclosure Requirements

Internal Revenue Code Section 6104 established the guidelines by which all tax-exempt organizations, including churches and religious nonprofits, classified as “public charities” are required to make certain information available for public inspection. The Notice also gives guidelines of when the information must be available and when you are required to provide copies to any public […]

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Timely Reminder Regarding the Movement of Funds Overseas Post 9/11/2001

Background: Since September 11, 2001, the IRS has been looking for ways to stop charities that raise money in the U.S. from illegally sending the funds to terrorist organizations. Churches, ministries, and other charitable nonprofits need to be aware that there are specific IRS rules which govern foreign activities. Any failure to comply with these […]

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Charitable Contributions – Year-end planning

There are a number of important tax law provisions that have taken effect in recent years which should be remembered when making or receiving year-end gifts to charities. Some of the changes to keep in mind include: Rules for Charitable Contributions of Clothing and Household Items Household items include furniture, furnishings, electronics, appliances and linens. […]

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Raffles, Gaming, and Gambling

Saturday night bingo in the church hall, raffles at the annual fundraising event, one-armed bandits in homeowner association clubhouse, casino nights, video lottery at the veterans’ club, poker night at the fraternal lodge, hole-in-one challenges at the annual golf tournament… All of these are examples of gaming often found occurring at organizations exempt from federal […]

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