The Corporation for National and Community Service to Address Program and Policy Issues
Mar 19, 2004 by Guest Blogger
Both Congress and the President have asked the Corporation for National and Community Service (CNCS) to undertake formal rulemaking to address significant program and policy issues.
read in fullPossible House Hearings on Exempt Status for 501(c) Groups
Mar 8, 2004 by Kay Guinane
In a March 2 speech to the Federation of American Hospitals, House Ways and Means Committee Chair Bill Thomas (R-CA) said he wants the committee to investigate the benefits tax exempt groups give taxpayers, and consider whether more specific requirements should be imposed in exchange for exempt status. A committee spokesman said nothing has been scheduled.
read in fullCARE Act Amendment Filed in the Senate
Mar 7, 2004 by Guest Blogger
Sens. Rick Santorum (R-PA) and Joseph Liberman (D-CT) have put together a charitable giving package identical to the the CARE Act . The two Senators filed the amendment to the Foreign Sales Corporation Tax Bill (S. 1637), a bill to repeal the U.S. export tax regime.
read in fullFile Your Form 990 Electronically
Feb 22, 2004 by Kay Guinane
The Internal Revenue Service (IRS) announces online filing for Form 990.
read in fullCharitable Giving in Bush's 2005 Budget Proposal
Feb 9, 2004 by Guest Blogger
President Bush’s FY 2005 budget proposal includes several tax incentives to encourage charitable giving accompanied by several requirements that will limit taxpayer deductions.
read in fullGroups Ask Congress to Initiate Ethics Investigation of Delay Charity
Feb 9, 2004 by Kay Guinane
Common Cause and the National Committee for Responsive Philanthropy have called on members of the House to “urge the Ethics Committee to formally rule on the legality of a plan closely associated with Rep. Tom DeLay (R-TX) to establish a children’s charity as a fundraising vehicle to subsidize donor events at the Republican National Convention.”
read in fullComplicated and Expensive Reporting for Labor Unions is Put on Hold
Jan 8, 2004 by Guest Blogger
A United States Judge issued an injunction this month blocking enforcement of a Department of Labor’s (DOL) final rule on financial reporting by labor unions. The court found unions would suffer “irreparable harm if forced to start complying with new reporting requirements by Jan. 1.”
read in fullIRS Says E-Filing for Form 990 Ready for 2004 Filing Season
Dec 15, 2003 by Kay Guinane
The Internal Revenue Service’s manager for electronic program initiatives has said the IRS will be ready to accept electronic submission for Form 990, the annual financial and activity report filed by most nonprofits, during the first quarter of 2004.
read in fullIn Honor of Bill of Rights Day: A look at the First Amendment
Dec 15, 2003 by Guest Blogger
On this day, December 15, National Bill of Rights Day, OMB Watch would like to pay tribute to our nation’s First Amendment. This 45-word phrase, drafted by James Madison more than 210 years ago, has guaranteed freedoms and liberties through more than two centuries – allowing for freedom of speech, freedom of religion, freedom of the press, freedom to peaceably assemble, and the freedom to access public information.
read in fullIRS Must Disclose Determinations of Tax-Exempt Status
Dec 15, 2003 by Guest Blogger
On Dec. 2, the United States Court of Appeals reversed a U.S. district court decision that the IRS can keep documents on determinations for organizations’ tax-exempt status private.
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