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In December, 2010 President Obama signed into law the tax bill which extends many of the Bush-Era federal income tax cuts and the Pension Protection Act of 2006. This law has extended the provision that allows some people to make qualified charitable distributions from their IRAs.
Nonprofit organizations are required to file an information return annually. See our recent post for the details on this.
Nonprofit organizations that don't meet their filing requirements for three consecutive years automatically lose their tax-exempt status.
All nonprofit organizations are required to file one of the IRS Form 990s. There have been some changes made to these forms that nonprofit organizations need to be aware of.
Tom Scanlon participated in the Rebuilding Together program in Manchester. "Rebuilding Together" is part of a national non-profit organization. The goal of this organization is to bring communities together in an effort to assist those in need of general home repair and improvements.
This holiday season, the partners of Borgida & Company received a "Trunk Full of Turkeys" from their staff. All were donated to Manchester Food Pantry.