Posts Tagged compliance

INSIGHT: Decoding your exemption letter: 501(c)(3) exemption and public charity status

I frequently get questions about decoding a non-profit’s tax-exempt status because the determination letter they’ve received from the IRS has a section at the top that lists “Public Charity Status” as 509(a)…, 170(b)…, or similar, and not the anticipated 501(c)3. A closer look at the first line of the exemption

Read more

NEWS: Patents – Superpowers With an Expiration Date

A recent Supreme Court decision involving Marvel Comic‘s Spiderman provides a convenient opportunity to compare patents to superpowers, albeit superpowers with an expiration date. Here’s the background – an inventor creates and patents a real-life webslinger a la your friendly neighborhood Spiderman.  When Marvel began selling their own version of

Read more


Any tax exempt organizations (e.g., 501(c)(3) nonprofits) that file their annual form 990, 990-N, or 990-EZ online should pay special attention to this security alert issued by the Urban Institute’s National Center for Charitable Statistics (NCCS).  According to the alert: “an unauthorized party or parties have gained access to the Form 990

Read more

INSIGHT: Non-Profits Operating in Foreign Countries

Many non-profits are formed for charitable purposes in other countries – disaster relief, preserving native eco-systems, supporting refugees, etc. There is nothing questionable about wanting to make the world a better place, even when that part of the world is far away. However, because there are so many

Read more

INSIGHT : Annual filing deadline approaches for many tax exempt organizations

For many tax exempt organizations, May 15th is the deadline for making your annual filing to the IRS in order to maintain your tax exempt status. Read on to learn if this is deadline for your organization and which version of  Form 990 you should use. Annual

Read more

INSIGHT: Tax Exempt Organizations & Filing Requirements

Many organization find that achieving tax exempt status is the most significant obstacle to overcome in getting established. Beyond the effect on tax filing requirements, the classification makes organizations eligible for a range of funding unavailable to non-exempt organizations, including being eligible for tax-deductible donations. While exemption

Read more
© 2008 - 2018 Zak Shusterman. All rights reserved. DISCLAIMER Attorney Advertising. Prior results do no guarantee a similar outcome.

P.O.Box 131

Tarrytown, NY 10591