Seller “Gifts” and Down Payment Assistance Crackdown
The IRS continues to crackdown on down payment assistance programs that involve “gifts” by the selling party. Under these programs, the organization offers down payment assistance to buyers who cannot...
View ArticleNo More Horsing Around
In PLR 201104066, the IRS revoked the tax-exempt status of an organization formed to guard the purity of a certain breed of horses, promote interest therein, and help fund research on the genetics of...
View ArticleHow Would You React?
How would your board of directors react if it discovered potential wrong doing? The answer to this question is critical. Recently, Robert Carlson, the Missouri Assistant Attorney General who oversees...
View ArticleToo Much? Too Little? Nonprofit Compensation
The IRS is clear that nonprofit executive compensation is one of the top compliance issues. Please see the free CLE below regarding compensation best practices. There is also a rooftop reception...
View ArticleSeller “Gifts” and Down Payment Assistance Crackdown
The IRS continues to crackdown on down payment assistance programs that involve “gifts” by the selling party. Under these programs, the organization offers down payment assistance to buyers who cannot...
View ArticleNo More Horsing Around
In PLR 201104066, the IRS revoked the tax-exempt status of an organization formed to guard the purity of a certain breed of horses, promote interest therein, and help fund research on the genetics of...
View ArticleHow Would You React?
How would your board of directors react if it discovered potential wrong doing? The answer to this question is critical. Recently, Robert Carlson, the Missouri Assistant Attorney General who oversees...
View ArticleToo Much? Too Little? Nonprofit Compensation
The IRS is clear that nonprofit executive compensation is one of the top compliance issues. Please see the free CLE below regarding compensation best practices. There is also a rooftop reception...
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