Lesson from the Tax Court: The sharp corners of the §170 charitable donation substantiation requirements
The taxpayer made a very large donation to a museum and claimed a §170 charitable donation deduction on her return. The IRS said that the 5-page document memorializing the gift did not meet the statutory substantiation requirements for such a gift.
How to use innovative technology to attract members to your association
Like it or not, in our digital-driven world, non-members will evaluate how your association leverages innovative technologies to determine whether your organization is worth joining. Follow these three tips to embrace modern technology and boost membership at your association.
Forming a tax-exempt nonprofit doesn’t mean its law-exempt
Are you considering joining the board of directors of a charitable organization? Maybe you’re considering forming one? Because charitable organizations are stewards of public money, they are subject to more regulations and reporting requirements than the average business.
How to get government grants using grants.gov
Nonprofit organizations are eligible for financial assistance in the form of government grants. A nonprofit organization such as a research institution may see financial support funding opportunities for training programs, scientific research and/or innovative research. Here’s what you need to know.
Not for Profit section members receive a 15% discount on the upcoming Not-for_Profit Conference on June 15! Use the code: 15_NFP_Section