CAN's finance and accounting programs are designed to to measurably improve the accuracy, consistency and clarity of financial reporting, thus reducing time and financial costs and improving accountability and public trust in California's nonprofit sector.

Another goal of this program is to promote a dialog and create a community of nonprofit finance professionals so please post questions and comments!

Friday, October 19, 2007

New IRS Publications and Resources

Please note: all links in this post download PDF documents.

Publication 4630, The Exempt Organizations Products and Services Navigator lists all the resources available from the IRS to nonprofits. This is a nice, consolidated reference for everything they have for us.

Two other updated pieces are publications 4221pc (for charities) and 4221pf (for private foundations) provide an overview of activities that could jeopardize exempt status as well as information on record keeping, reporting and disclosure compliance requirements.

Both publications seem easy to follow and are further example of how (I think at least) the IRS is trying to make compliance info easier to access and grasp. As nonprofits we have A LOT to keep track of and rules to follow, so I appreciate the efforts the IRS is making to help.

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