As we enter a new year, it’s the perfect time for nonprofits to assess their legal and operational health by conducting a legal audit. A
The IRS has issued a warning to taxpayers about a surge in fraudulent tax schemes involving donations of ownership in closely held businesses, often referred
Each year, the Internal Revenue Service (IRS) adjusts various tax-related thresholds to account for inflation. These updates ensure that tax attributes keep pace with the rising cost
Charitable promotions, also known as cause-related marketing or commercial c0-ventures (CCVs), are a powerful tool for nonprofits and businesses. These arrangements allow businesses to advertise that a portion of proceeds from the sale of goods or services will benefit a charitable organization. For example, a promotion might say, “When you buy our new app, 50% of the purchase price will go to the Zoo!”
Charities play a vital role in advocating for policy changes that align with their missions, but many leaders forget or do not know that charity
The U.S. Supreme Court’s decision in Loper Bright Enterprises v. Raimondo and the U.S. Court of Appeals for the Fifth Circuit’s recent ruling in the Memorial Hermann Accountable
We always recommend that donors work with their tax advisors to determine the value of their donation and how it fits into their overall tax planning. This ensures that donors receive accurate guidance tailored to their specific circumstances.
Donor-advised funds (DAFs) might not seem like the most captivating topic, but their growing prominence in philanthropy makes them critical to understand. As vehicles for
Tax-free IRA distributions are a tax-advantaged way to donate to charity. The IRS has raised the Qualified Charitable Distribution (QCD) limit, allowing IRA owners aged
Arizona’s tax structure can be challenging for nonprofit organizations hoping to qualify for a broad range of tax exemptions. Unlike other states, Arizona does not
Most states require you to register your organization if you solicit donations from their residents. Many states also require registration if your organization collects substantial or ongoing donations from their residents, even if you aren’t specifically targeting donors in that state. Download our comprehensive list of each state’s requirements.
Download our free guide to learn about the many elements needed to run a successful nonprofit organization, as well as how to avoid common pitfalls and mistakes.