Posts Tagged ‘Nonprofit Organizations’


5 Reasons Taxpayers over Age 70 1/2 Should Make a Charitable Donation From Their IRA

The Tax Cuts and Jobs Act (“TCJA”) almost doubled the Standard Deduction. Beginning in 2018, Single filers can claim $12,000, Head of Household $18,000 and Married Filing Jointly $24,000. Additionally, the maximum amount that can be deducted for state and local income tax is $10,000.  Before this change, it was estimated that about 30% of taxpayers itemized their deductions. After this change it is estimated that about only 10% of taxpayers will itemize their deductions.

Individuals over age 70 ½ … Continue reading »


IRS to Some Nonprofit Organizations-Last Call!

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.


What Nonprofit Organizations Need to Know About Changes to Form 990

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.


Rebuilding Together in Manchester-April 2010

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.  


A Trunk Full of Turkeys

Peter, Aaron, Tom This holiday season, the partners of Borgida & Company received a "Trunk Full of Turkeys" from their staff. All were donated to Manchester Food Pantry.