June 28, 2013

FBAR filing due // Nonprofit Class Coming

Effective July 1, 2013, TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), must be filed electronically.
If you have FBAR questions, please email FBARquestions@irs.gov.
For help with e-file technical questions, please email BSAEfilinghelp@fincen.gov or call the BSA E-Filing Help Desk at 1-866-346-9478.
If you are experiencing difficulty in submitting a timely electronic FBAR, please see FinCEN guidance. If there is reasonable cause for the failure, and the balance in the account is properly reported, no penalty will be imposed.

Seminars on Establishing and Running a Nonprofit

Establishing and Running a Non-Profit: Part I
This popular seminar provides an overview of the legal basics for establishing and running a non-profit organization. Presented by Amy Hereford, an attorney and entrepreneur who speaks from her experience in working with non-profit start-ups. It includes practical tips, useful resources including the Non-profit, Tax-exempt Corporation Workbook (2012), an e-book (PDF) that presents the process of establishing a non- profit in a step-by-step format with ample space for notes, charts for gathering necessary information and tables for developing time-lines and assigning responsibilities. An excellent tool for assisting in non-profit formation, orienting new board members and non-profit directors.
NPAD:703 | $25
10am-12pm Saturday July 13, 2013 & September 7, 2013
802 Couch Ave. Meramec Campus
Establishing and Running a Non-Profit: Part II
This seminar builds on the previous session and provides more information. It will explore the legal requirements of operating a non- profit business organization, board responsibilities, business law for non- profits and legal compliance. It will also explore newer business models for non-profits, including fiscal sponsorship, nonprofit alliances, non- profit/for profit joint ventures and other collaborative structures.
NPAD:703 | $25
  1pm-3pm Saturday July 13, 2013 & September 7, 2013
802 Couch Ave. Meramec Campus
Additional Information
Call: (314) 984-7777

June 24, 2013

Volunteers Afforded Title VII Protection

A federal District Court in Illinois has allowed a female volunteer for two nonprofit emergency ambulance services to sue for sexual harassment and discrimination under the employee protection provisions of Title VII of the Civil Rights Act. Read more...

June 17, 2013

2013 Group Ruling Letter

The USCCB Office of General Counsel has published the 2013 group tax exemption letter that was issued by the IRS in June of this year. Along with the ruling, the General Counsel also publishes a memorandum with reminders and explanations to those who fall under the group ruling. Click here.... 
There are some new notes in the USCCB cover letter on:
  • Options for inclusion in the EOBMF (Exempt Organizations Business Master File)
  • Form 8940, Request for Miscellaneous Determination, to request a determination as to whether the organization is a Type I or II 
  • Attending to mailings from the IRS