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!

Thursday, March 06, 2008

IRS Round Up


Here is a list of recent stories and information from the Internal Revenue Service that affect our sector:

  1. Not exactly recent but a timely reminder nonetheless about the restrictions placed on advocacy by 501(c)3's. We can and should lobby but we need to make sure we do it the right way.
  2. Gotta beef with a nonprofit? Want to file a complaint? Here is where to do it and what the process is like.
  3. Audit? Compliance Check? Examination? Whats the difference and why is it happening to my organization? Find out here.
  4. Despite the fact that we file a "tax" return to them, one of the main goals of the 990 and the IRS's Exempt Organizations Division is governance and making sure we are serving a charitable purpose. They have made some changes to their good governance guides and resources, see the update here.

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