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Month: June 2015

Fundraising Irony: Small Nonprofits Rely on Low-ROI Events for Fundraising

Fundraising Irony: Small Nonprofits Rely on Low-ROI Events for Fundraising

Small or volunteer-led nonprofits can’t, in most cases, go after large grants or major donors. Lacking such resources as a well-staffed development department and influential board members, they have good reason to turn to fundraising events. Bake sales, walk-a-thons, auctions, gala dinners, and concerts all offer opportunities to mobilize a lot of volunteers, in some cases on short notice. Hey, events are practically parties, and might raise money, too! But not much money. According to the research group Software Advice, events-based fundraising can…

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IRS PARTNERS WITH TAX PROS TO FIGHT IDENTITY THEFT

IRS PARTNERS WITH TAX PROS TO FIGHT IDENTITY THEFT

IRS recently announced “a sweeping new collaborative effort” in joining forces with tax preparation and software firms, payroll and tax financial processors and state income tax administrators with a view toward combating identity theft refund fraud. Commissioner Koskinen says, “We’ve made tremendous progress, and we will continue these efforts. Taxpayers filing their tax returns next filing season should have a safer and more secure experience.” Check out IR 2015-87 for more of the details on how IRS plans to work…

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NEW PROPOSED REGULATIONS FOR “ABLE” ACCOUNTS

NEW PROPOSED REGULATIONS FOR “ABLE” ACCOUNTS

IRS recently issued proposed regs which implement a new Federal law authorizing states to offer tax efficient “ABLE” accounts to folks with disabilities who became disabled before age 26. The Achieving a Better Life Experience (ABLE) account provision was designed to enable people with disabilities and their families to save for and pay for disability-related expenses. Contributions in a total amount up the annual gift tax exclusion can be deposited to an ABLE account annually, and distributions are tax free…

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In Child Abuse Case, Supreme Court Narrows Right to Confront Witnesses

In Child Abuse Case, Supreme Court Narrows Right to Confront Witnesses

In the preschool lunchroom, a teacher notices that a three-year-old pupil has an eye that looks bloodshot. She asks him what happened; he says nothing, then claims that he fell. Shortly after, in a better-lit classroom, the teacher notices a series of marks on the boy. She gets other teachers involved, and they discover even more injuries. They ask the boy who hurt him. He mentions his mother’s boyfriend. The teachers, legally obligated to report suspected abuse, notify the authorities….

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The Downside of Watching Your House Rise in Value: Capital Gains Tax

The Downside of Watching Your House Rise in Value: Capital Gains Tax

“Did you hear how much that house down the street just sold far?!” If you live in a place like the Bay Area of California, that’s a sentence you’ll hear repeated at every neighborhood gathering — usually followed by details about what a fixer-upper the place was, how many offers came in, and how many tens of thousands over asking price it actually sold for. Then everyone goes a bit quiet, secretly calculating, “If that dump went for over a million, then…

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