New Posts

Feb 8, 2016

Top 400 Taxpayers See Tax Rates Rise, But There’s More to the Story

As Americans were gathering party supplies to greet the New Year, the Internal Revenue Service released their annual report of cumulative tax data reported on the 400 tax r...

read in full
Feb 4, 2016

Chlorine Bleach Plants Needlessly Endanger 63 Million Americans

Chlorine bleach plants across the U.S. put millions of Americans in danger of a chlorine gas release, a substance so toxic it has been used as a chemical weapon. Greenpeace’s new repo...

read in full
Jan 25, 2016

U.S. Industrial Facilities Reported Fewer Toxic Releases in 2014

The Toxics Release Inventory (TRI) data for 2014 is now available. The good news: total toxic releases by reporting facilities decreased by nearly six percent from 2013 levels. Howe...

read in full
Jan 22, 2016

Methane Causes Climate Change. Here's How the President Plans to Cut Emissions by 40-45 Percent.

  UPDATE (Jan. 22, 2016): Today, the Bureau of Land Management (BLM) released its proposed rule to reduce methane emissions...

read in full
more news

"Voluntary" Guidelines to Prevent Terrorist Financing Called Poorly Designed

The Treasury Department’s “Voluntary Best Practices for U.S. Based Charities,” are poorly designed for their stated purpose of helping prevent diversion of funds to terrorists. Several speakers made that assessment at a recent Philanthropy and Security forum, hosted by Georgetown University’s Center for Democracy and the Third Sector , which focused on the merits of the Treasury Department guidelines.

read in full

The Corporation for National and Community Service to Address Program and Policy Issues

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. President Bush has instructed CNCS to improve accountability and efficiency in administrating its programs. In an Executive Order, the president asks that the Corporation adhere to four “fundamental principles” when making these changes. The four include expanding opportunities for faith-based and community organizations and raising more money from the private sector and state and local governments.

read in full

Possible House Hearings on Exempt Status for 501(c) Groups

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 full

CARE Act Amendment Filed in the Senate

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 full

File Your Form 990 Electronically

The Internal Revenue Service (IRS) announces online filing for Form 990. The IRS is set to accept online submissions of Form 990, the annual report filed by nonprofits, beginning in March. The IRS has made online filing of nonprofit financial reports a top priority because of the increased scrutiny by Congress, the media and others. The eventual goal is to have most 990s filed electronically, and the information made available to the public in a searchable database. Benefits of filing Form 990 electronically for nonprofits include:
  • reduction of the paperwork burden,

read in full

Charitable Giving in Bush's 2005 Budget Proposal

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 full

Groups Ask Congress to Initiate Ethics Investigation of Delay Charity

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 full

Complicated and Expensive Reporting for Labor Unions is Put on Hold

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 full

IRS Says E-Filing for Form 990 Ready for 2004 Filing Season

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 full

In Honor of Bill of Rights Day: A look at the First Amendment

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 full

Pages

Resources & Research

Living in the Shadow of Danger: Poverty, Race, and Unequal Chemical Facility Hazards

People of color and people living in poverty, especially poor children of color, are significantly more likely...

read in full

A Tale of Two Retirements: One for CEOs and One for the Rest of Us

The 100 largest CEO retirement funds are worth a combined $4.9 billion, equal to the entire retirement account savings of 41 percent of American fam...

read in full
more resources