Tax and Regulatory Issues

News
Published: 07/21/2014

The Internal Revenue Service has introduced a new, shorter application form to help small charities apply for tax-exempt status more easily.

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News type: From the Web



News
Published: 03/21/2014

CMF President/CEO Rob Collier shares an update about the proposed tax reform, an extension of the IRA Charitable Rollover and the Community Foundation Tax Credit.

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News type: Blog
Audience: All Members



News
Published: 01/17/2014

The White House Office of Management and Budget (OMB) released its long-anticipated overhaul of federal grants policies and procedures, and charitable nonprofits achieved several important goals that will strengthen organizations performing work in communities on behalf of governments and the nonprofit community.

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News type: From the Web



News
Published: 10/07/2013

Join the Charitable Giving Coalition’s “Protect Giving Day," Nov. 20 in Washington D.C. to make sure lawmakers understand the role and value of the charitable deduction in our communities.

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News type: From the Web
Audience: All Members



Resource
Released: 10/2004

Designed for tax preparers of the 990-PF foundation tax preparer, this document focuses on the clear and accurate completion of that form, with tips to avoid common mistakes and potentially misleading entries.

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Resource Type: Report



Resource
Released: 12/2014

New Rules on Costs, Reimbursement of Nonprofits Finalized. Governments at all levels – local, state, and federal – that hire nonprofits to deliver services are now required to reimburse nonprofits for the reasonable indirect costs (sometimes called “overhead” or “administrative” costs) they incur on behalf of governments when federal dollars are part of the funding stream.

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Resource Type: Fact Sheet



Resource
Released: 01/2013

Through 2013, people age 70 1/2 and older can transfer up to $100,000 of IRA assets to public charities without triggering federal income taxes today or estate tax in the future. This fact sheet from the Council on Foundations outlines the legislation and the details.

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Resource Type: Fact Sheet