In November 2013, the Treasury and the IRS proposed new regulations governing political activity of Section 501(c)(4) organizations. Since then, over 150,000 comments on the proposed regulations were submitted to the Treasury and the IRS, which are still in the process of reviewing these comments. The Treasury and the IRS expect to publish revised ... Read More ›
On July 1, 2014, the IRS released the final version of Form 1023-EZ, Streamlined Application for Recognition of Exemption under Section 501(c)(3). This alternative three-page form offers a much simpler process for an organization applying for exemption from federal tax under Section 501(c)(3) compared to the existing 26-page Form 1023.
Only eligible organizations may use ... Read More ›
Assuming your organization is not liable for accidents or incidents caused by a volunteer could be a costly mistake for the organization. Although volunteers are not employees, your organization could still be held liable for injuries caused by them.
There are several steps you can take to minimize your organization’s risk from lawsuits:
Identify and assess all ... Read More ›
