What Constitutes a Quid Pro Quo or Token Gift for Charitable Contributions?
If you've read Nolo's nonprofit books, you know that when thanking donors for gifts to your nonprofit, theres no need to subtract out the value of "token" items.
IRS Tax Rates and Annual Adjustments for 2016
The IRS has released 2016 tax rate schedules and cost-of-living increases for several important tax items.
IRS Updates Figures for Low-Cost and Token Thank-You Gifts for 2016
Donors will need to subtract the amount of the gift from the amount of their donation before taking a charitable tax deduction.
IRS Decreases User Fee for IRS Form 1023-EZ
You can pay the fee directly from your bank account or by credit/debit card.
These token and low-cost limits apply to calendar year 2015; these are regularly adjusted.
California Secretary of State Posts Fillable Articles of Incorporation Forms
The California Secretary of State now has fillable articles of incorporation forms for nonprofit and general stock corporations on its website.
IRS Releases New Interactive Form 1023
The IRS has released a new interactive Form 1023 (i1023) which can be used to apply for tax-exempt status under Section 501(c)(3).
The following error appears in Chapter 8 of How to Form a Nonprofit Corporation (page 146) and How to Form a Nonprofit Corporation in California (page 178).
Smaller Nonprofits Can Now Use An Easier 501(c)(3) Tax Exemption Application: Form 1023-EZ
On July 1, 2014, the IRS introduced a new, shorter application form, Form 1023-EZ, to help small charities apply for 501(c)(3) tax-exempt status more easily.
California Secretary of State Changes Articles of Incorporation Requirements
There are new requirements regarding information that must be included in business formation and registration documents filed with the California Secretary of State.
Arizona Repeals Nonprofit Fundraising Solicitation Registration Requirement
Effective June 20, 2013, Arizona repealed its solicitation registration requirements for nonprofits that fundraise in Arizona. Nonprofits no longer need to file an initial registration form or the annual renewal registration form that was required under the prior law.
Update to 15th edition of How to Form a Nonprofit Corporation in California
In How to Form a Nonprofit Corporation in California, we give two reasons why nonprofits should always apply for a federal tax exemption, even if they are exempt from the IRS application requirements.