Category Archives: Non Profits

Many tax-exempt organizations must file information returns by May 15

The following article was published by the IRS. The Internal Revenue Service reminded certain tax-exempt organizations that the Tuesday, May 15 filing deadline for Form 990-series information returns is fast approaching. Form 990-series information returns and notices are normally due … Continue reading

Posted in Accounting, Charitable Organizations, Non Profits, Planning Strategies, Tax Tips, Year End | Tagged , , , , | Leave a comment

Gifts to Charity: Six Facts About Written Acknowledgements

Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. Taxpayers who plan to claim a charitable deduction on their tax return must do two things: Have a bank record or written … Continue reading

Posted in Charitable Organizations, IRS, Non Profits, Personal Finance, Planning Strategies, Tax Tips | Tagged , , ,

Beware of Fake Charity Scams Relating to Hurricane Harvey

The following article was published by the IRS. The Internal Revenue Service today issued a warning about possible fake charity scams emerging due to Hurricane Harvey and encouraged taxpayers to seek out recognized charitable groups for their donations. While there … Continue reading

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2017 Standard Mileage Rates for Business, Medical and Moving Announced

The following article was published by the IRS. The Internal Revenue Service has issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. … Continue reading

Posted in Bookkeeping, IRS, Non Profits, Personal Taxes, Planning Strategies, Taxes | Tagged , , , , ,

COSO – What is It?

COSO, or the Committee of Sponsoring Organizations of the Treadway Commission, is a sponsor of the National Commission on Fraudulent Financial Reporting. They’ve developed a standard framework of recommendations on internal controls that can be applied to any type and … Continue reading

Posted in Charitable Organizations, Condominiums, Entities, Non Profits, YouTube | Tagged , , , , , , ,

IRS Warns Consumers of Possible Scams Relating to South Carolina Flood Victim Relief

The following article was published by the IRS. The Internal Revenue Service has issued a consumer alert about possible fake charity scams emerging due to severe flooding this month in South Carolina and neighboring states. “When making donations to assist flood … Continue reading

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Exempt Organizations Select Check

The IRS has a tool on their website that can help you look up charities and other nonprofits. The Exempt Organizations Select Check can help you three different ways: 1) It can let you see if a charity is eligible to … Continue reading

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