Non-profit officers face May deadline

Officers signing their non-profits' radically revised IRS Form 990 this year may want to read the small print on risking perjury by making false statements about filing at the state level for fund-raising and other activities, according to Martignetti Planned Giving Advisors, LLC, a New York-based consultancy group that advises non-profits.

"Charity registration and licensing throughout the 50 states has long been a regulatory morass that most non-profits avoided or ignored. Enforcement by the states has been nearly non-existent and many states don't have penalties for noncompliance," said Tony Martignetti, Esq., Managing Director of Martignetti Planned Giving Advisors. "This year the IRS stepped in and changed the game."

Martignetti noted that the new Form 990 — signed under penalty of perjury by an officer — makes it impossible to legally avoid state registrations because it calls for a list of the states in which a copy of the Form 990 is required to be filed.

"You can only answer that, however, after you research every state, figure out where to register, then search out whether those states require your 990," Martignetti said. "A question on Schedule G asks where 'the organization is registered or licensed to solicit funds or has been notified it is exempt from registration or licensing.' Again, a substantial and time-consuming amount of research is required to confidently respond."

Martignetti Planned Giving Advisors has addressed those issues with its newly published e-manual Charity Registration: State-by-State Guidelines for Compliance. Organized by state, the e-book is fully clickable and searchable. This is the only state-by-state manual available for the entire registration and licensing process, including filing forms.

You may like these other stories...

IRS audits less than 1 percent of big partnershipsAccording to an April 17 report from the Government Accountability Office (GAO), the IRS audits fewer than 1 percent of large business partnerships, Stephen Ohlemacher of the...
Legislation coming out of Washington just might reduce homeowners' burden for disaster insurance. It's a topic very much on everyone's minds since the mudslide in Oso, Washington. The loss of human life was...
Divorce is hard, and the IRS isn't going to make it any easier. The IRS generally says "no" to tax deductions that might ease the pain of divorce. In certain circumstances, however, you might be able to salvage...

Upcoming CPE Webinars

Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.