Monthly Archives: June 2011

Keeping your financial records safe

I helped my mother move about a year ago. Prior to moving she wanted to clean out her file cabinet that had become so congested that it was coughing out papers every time you opened a drawer. She is a … Continue reading

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Who’s in the group?

As a tax professional who has worked a lot with nonprofits, you’d think that I would understand group exemptions better – but, frankly, they have always been a bit mysterious to me. There are evidently over 4,300 group exemptions that … Continue reading

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Tax exemption revoked for 275,000 organizations

The IRS has released the list of over 275,000 nonprofit organizations that have lost their tax-exempt status as a result of failing to file a tax return for the last three years. Many of these organizations are no longer in … Continue reading

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Don’t look a gift horse in the mouth (Part II)

I talked about gift tax returns in Part I of this blog (a long time ago, I know, but one thing leads to another and you are a month behind). Back to business…Sometimes a gift doesn’t look exactly like a … Continue reading

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