The IRS and Nonprofits in 2009

Download: Nonprofit Law Podcast #49 (mp3, 6:53)

Shownotes

Intro

Tim Mooney… Welcome to the Nonprofit Law Podcast
Your guide to the laws impacting nonprofits.
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What does the IRS have in store for nonprofits in 2009?

“a lengthy examination of how tax-exempt groups raise and spend money compared to how much they spend to achieve charitable goals.”

“Nonprofit student-loan groups also will be under greater scrutiny from the IRS next year, as the agency seeks to guard against abuses by organizations that are connected to for-profit businesses.”

“The IRS also will look at how nonprofit organizations and donors account for non-cash gifts, such as pharmaceuticals or used clothing, that are given to tax-exempt groups, which in-turn donate to a different nonprofit group.”

“The agency also plans to take a look at its own operations next year… consider governance issues that may be used in determining whether an organization qualifies as a charity.”

Resources

IRS Discloses 2009 Plans for Reviewing Tax-Exempt Organizations - The Chronicle of Philanthropy

Closing

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This podcast provides general information about legal topics but it is not a complete discussion of all legal issues that arise in relation to nonprofits nor is it a substitute for legal advice. This podcast does not create an attorney-client relationship. This is general legal information and the contributors make no warranties regarding the general legal information provided in this podcast , and disclaim liability for damages resulting from its use to the fullest extent permitted by the applicable law.