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The Center provides individualized telephone and e-mail consultation on non-profit legal and management issues such as IRS regulations, tax laws, fund raising issues, Board/staff roles and responsibilities and many others. Call the Center at 732/227-0800 or send an e-mail to center@njnonprofits.org for more information. NEW! IRS Announces New Voluntary Program for Employers to Classify Workers Correctly Employers who improperly classify their employees as independent contracts risk facing stiff fines and penalties if a government audit finds that the workers should have been designated as employees. Now, the IRS has launched a new program to encourage employers who have misclassified their workers to correct the situation without penalty and at a reduced cost. ALERT! IRS Exempt Organization Automatic Revocation List A list you do NOT want to make... In May 2010, the IRS began revoking the tax-exempt status of organizations that are required to file Form 990, Form 990-EZ, Form 990-N (E-postcard) or Form 990-PF (private foundations) and have failed to do so for 3 consecutive years. MOST NON-PROFITS ARE SUBJECT TO THESE REQUIREMENTS. If exempt status is revoked, the only way to reinstate it is to reapply for tax exemption. On June 8, 2011, the IRS released its first list of over 275,000 organizations whose tax exemptions were automatically revoked for failure to file the required Form 990 information return for three consecutive years. This list is updated monthly. The New Jersey revocation list includes over 7,800 organizations, more than 4,900 of which are 501(c)(3). Click here to go to the IRS' Form 990 filing requirements summary page For more information about e-filing of Form 990 and a low-cost, online e-filing solution, visit the Urban Institute's e-filing Web site at http://efile.form990.org/. IRS Gift Substantiation Requirements NJ Charities Registration Raises Mandatory Audit Threshold for Non-Profits The rule adoption means that any organization with less than $500,000 in gross revenue in its most recently completed fiscal year will no longer have to submit an independent audit in order to satisfy the requirements of New Jersey's fund raising statute. The Center estimates that the new change could save each covered organization an average of $7,000 annually, and will result in an annual combined savings of over $10 million for the non-profit community. more information Is Your Organization Eligible for the Small Employer Health Care Tax Credit? The Patient Protection and Affordable Care Act, the new federal health insurance law enacted on March 23, 2010, provides for tax credits for eligible small employers, including non-profits, for health insurance premiums paid for employees. more info IRS increases filing fees for filing for federal tax exemption Note: The release of Cyber Assistant has been delayed. The IRS has not yet announced a firm release date, but it will be well into 2012 at the earliest.
1. $200 for organizations using Cyber Assistant (regardless of size) to prepare their Form 1023, or 2. $850 for all other organizations not using Cyber Assistant (regardless of size) to prepare their Form 1023. The IRS will announce when Cyber Assistant is available and the effective date of the user fee change. Sign up for the Exempt Organization (EO) Update, EO’s subscription newsletter, at www.irs.gov/charities, to automatically receive an alert that Cyber Assistant is available.
New Jersey's Family Leave Insurance Law COBRA Subsidy Law Summary Just What is a Non-Profit, Anyway? -- This article provides an overview of non-profits, charities and some of the more common types of tax-exempt organizations.
The Center's Legal Assistance Services for Newly Forming Non-Profits Read a quick overview about the incorporation/tax exemption process and the legal assistance available through the Center.
Important Public Policy Updates New Jersey's Fund Raising Law -- Now includes new regulations which may be found in the February 22, 2011, New Jersey Register (43 N.J.R. 439 (a)) and on the Division of Consumer Affairs' Web site at http://www.nj.gov/lps/ca/adoption/charado_022211.htm. The full text of the charitable fund raising regulations are in the New Jersey Administrative Code at N.J.A.C. 13:48 . The New Jersey Register and New Jersey Administrative Code are available online through http://www.lexisnexis.com/njoal/ . The New Jersey Administrative Code online is only updated quarterly and may not yet reflect the newest regulations. The Center for Non-Profits has updated its detailed summary of New Jersey's fund raising law to reflect the new rule adoption. Center members can request a copy by emailing us at center@njnonprofits.org, Non-members will be charged a nominal fee(please include "fund raising law summary" in the subject line). NJ Non-Profit Filing Fees - Some of the non-profit filing fees paid to the New Jersey Department of Treasury, Division of Revenue, effective July 1, 2002. more details Use Caution When Fundraising Online -- Some issues to consider if you plan to use the Internet to generate revenue for your organization -- whether you solicit donations on your website, on someone else's, or if your organization has any sort of online presence. IRS Disclosure Regulations for Non-Profits - A summary of IRS rules, effective June 8, 1999, that require public charities to mail copies of their Form 990 and 1023 upon request or make them widely available by posting them on the Internet. It is important for non-profits to familiarize themselves with these regulations and adopt internal policies and procedures to ensure compliance. Insurance Overview for New Jersey Non-Profits The Federal Volunteer Protection Act Eight Tips to Involve Your Board in Fund Raising DUNS number required for all federal grant applications -- click here to read the details.
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