Sunday, August 24, 2008

Nonprofit Law Podcast #43: The Best IRS Publication Revamped

The Best IRS Publication Revamped

Download: Nonprofit Law Podcast #43 (mp3, 9:11)



Tim Mooney… Welcome to the Nonprofit Law Podcast
Your guide to the laws impacting nonprofits.
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Craigslist Foundation Nonprofit Bootcamp
Highly recommend this great day of learning about nonprofits, including nonprofit law
Alliance for Justice session on lobbying was excellent
NYC 2008 Podcasts should be up soon - in the meantime, check out past ones
If you're in the Bay Area, I highly encourage you to attend the west coast version on October 18, 2008 in San Mateo, CA

IRS revamps Pub 1828, the Guide to Churches and Religious Organizations
  • IRS Publication 1828 (PDF) - Designed for religious organizations, but this guide is an excellent parallel resource for secular charities as well
  • Inurement and Private Benefit
    • No special deals for insiders
    • No charitable dollars to individuals' "private benefit"
  • Employment Tax
    • The basic ins and outs of withholding and other issues
  • Payment Of Employee Business Expenses
    • How to properly reimburse
  • Recordkeeping Requirements
    • Simple rules for keeping the IRS happy if you're audited
  • Substantiation and Disclosure Rules for Donations
    • What you have to do when you receive tax-deductible donations
  • A great index to other relevant IRS pubs (special note to my silver medal for best IRS pub: Publication 557)
  • Update reflects some of the examples and guidance from Rev. Rul. 2007-41
    • Examples illustrating the application of the facts and circumstances test for campaign intervention
    • If you're a non-religious org, check out the Revenue Ruling... Pub 1828 focuses on the religious org examples


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This podcast provides general information about legal topics but it is not a complete discussion of all legal issues that arise in relation to nonprofits nor is it a substitute for legal advice. This podcast does not create an attorney-client relationship. This is general legal information and the contributors make no warranties regarding the general legal information provided in this podcast , and disclaim liability for damages resulting from its use to the fullest extent permitted by the applicable law

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