This chapter of Mastering Foundation Law describes the IRS audit process for exempt organizations, including private foundations; highlights current areas of enforcement focus; and discusses the value of formal legal opinions for private foundations and their managers.
Tax Filing, Audits, & Public Disclosure Requirements
Is your organization in compliance with filing its Form 990 and the public disclosure rules that apply to charities?
In-Depth knowledge on Tax Filing & Audits
This guidebook, originally drafted in 2009 to summarize the redesigned Form 990 filing requirements applicable to community foundations, incorporates IRS updates through the 2013 Form 990. The Fiscal & Administrative Officers Group For Community Foundations’ Accounting Practices Committee has again worked with Deloitte Tax to incorporate the IRS changes to the 2013 Form 990 into this guidebook.
Frequently asked questions about tax reporting for supporting organizations.
Frequently asked questions about tax reporting for donor advised funds.
When a private foundation makes grants to a public charity that jeopardizes the public charity's ability to pass the public support test.
Every organization exempt under Section 501(c)(3) of the Internal Revenue Code is required to disclose certain information to the public as outlined here.
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IRS Audit Survival Tips
Tips on what to do when you get audited.