In Part Two of a two-part series on community nonprofit organizations, Dennis McCuistion is joined by a panel of experts with experience in the nonprofit sector.
The panelists include:
- Lois G. Lerner, Director of the Exempt Organizations Division of the IRS
- Cynthia B. Nunn, President, Center for Nonprofit Management
- Jan Soifer, Attorney: Lawrence & Soifer LLP
- Teresa A. Wright, Executive Director, Funding Information Center
- Ronnie C. McClure, PhD, CPA, Wealth Management Consultant
In addition to the intrinsic benefits that come from serving in a community nonprofit organization, favorable tax treatment is among the most significant advantages for nonprofit organizations. However, tax forms like the 990 can be tricky to navigate through. The panelists discuss ways to go about making sure that the form is filled out correctly.
After 25 years of a non-revised 990 form, Lerner discusses some of the differences that were implemented in the new 990 form and the reasons why they were implemented. The panelists further the discussion by talking about the differences between the various IRS forms and explain the types of trade associations and other organizations that are typically tax exempt.
After giving some examples of cases where nonprofits were not operating above board, they discuss the types of services that the IRS generously offers all nonprofits. The IRS understands that many times people are just uninformed, so they try to be proactive in providing easy access to the information that is needed.
The panelists end the conversation by discussing various resources that a nonprofit director or board member can reference in order to learn “best practices” for a community nonprofit organization.
***
1708 -01.25.09
Podcast: Play in new window | Download
In addition to the intrinsic benefits that come from serving in a nonprofit organization, favorable tax treatment is among the most significant advantages for nonprofit organizations. However, tax forms like the 990 can be tricky to navigate through.
In Part Two of a two-part series on nonprofit organizations, Dennis McCuistion is joined by a panel of experts with experience in the nonprofit sector.
Join us Sunday, July 25, 2010 on KERA, Channel 13 for part two of a two-part series on non-profit organizations, entitled: Nonprofit Organizations Under IRS & Legal Scrutiny.
Joining host, Dennis McCuistion, are:
- Lois G. Lerner, Director of the Exempt Organizations Division of the IRS
- Cynthia B. Nunn, President, Center for Nonprofit Management
- Jan Soifer, Attorney: Lawrence & Soifer LLP
- Teresa A. Wright, Executive Director, Funding Information Center
- Ronnie C. McClure, PhD, CPA, Wealth Management Consultant
Thank you for joining us as we talk about things that matter… with people who care.
All McCuistion TV episodes can be found in the program directory, where you can both watch the videos and interact with the McCuistion team and other viewers. You can also follow McCuistion TV on Twitter.
