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...

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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...

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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...

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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...

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Update On the Estate Tax from Our Budget Department

>When Congress returns from their week-long Memorial Day recess next week, the Senate is expected to take up a vote to repeal the estate tax, perhaps as early as Wednesday, June 7. And while Republicans are unlikely to garner the 60 votes needed to pass full repeal of the tax, there is a possibility a sham "reform" plan title="http://www.cbpp.org/5-31-06tax.htm" href="http://www.cbpp.org/5-31-06tax.htm">championed by Sen. Jon Kyl (R-AZ) or an extremely costly one from title="/article/blogs/entry/1879/13" href="/article/blogs/entry/1879/13">Sen.

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DC Seeks More Power Over Nonprofits

From the Examiner: D.C. government wants to give prosecutors more power to enforce laws against organizations that abuse their tax-exempt status or mishandle their money, but some nonprofit groups are saying they are already sufficiently regulated.

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How Fast Charities Respond to Disaster: From the Urban Institute

How and how fast charitable organizations respond to major disasters can have lasting effects on victims, communities, donors, and society at large. A new series of papers from the Urban Institute examines how these organizations responded to recent disasters and suggests how to improve responses to future tragedies.

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Summary of House Small Biz Hearing on Charitable Giving

From the Council on Foundations: Charitable Giving the Focus of Subcommittee Hearing

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GAO Report on Taxes Charities Owe Under the CFC

Find the GAO report here.

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Chronicle of Philathropy Article on Ways and Means Hearing

From the Chronicle of Philathropy: Some interesting points from the hearing included: What's more, the Government Accountability Office said that the Office of Personnel Management, which oversees the Combined Federal Campaign, does not screen participating charities for federal tax problems "or independently validate with the IRS whether the charity is truly a tax-exempt organization."

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Ways and Means Hearing Today on CFC Employment Tax

Ways and Means has posted the statements from the Ramstad hearing: Hearing on Charities and Employment Taxes: Are Charities in the Combined Federal Campaign Meeting their Employment Tax Responsibilities?

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Ways and Means Hearing on CFC and Employment Tax Issue

Congressman Jim Ramstad (R-MN), Chairman, Subcommittee on Oversight of the Committee on Ways and Means, today announced that the Subcommittee will hold a hearing on charities and employment tax compliance. The hearing will take place on Thursday, May 25, 2006, in the main Committee hearing room, 1100 Longworth House Office Building, beginning at 11:00 a.m. Witnesses will include the Internal Revenue Service (IRS), U.S. Government Accountability Office (GAO), and the Office of Personnel Management (OPM).

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New FAQ's Posted on 990

EO has posted new FAQ's for the Form 990 Information Return. The FAQ's are based on questions received in response to the changes to Form 990 for tax year 2005, from a telephone forum on Form 990 that the Service offered in March 2006, and questions submitted from interested taxpayers. The script for the Form 990 telephone forum is also posted.

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Charitable Provisions Move Forward in Extenders

From Council on Foundations:

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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...

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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...

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