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I am a homeschooling mother and Certified Public Accountant (CPA) combining my experience and knowledge to help micro businesses, families and homeschool organizations such as co-ops. This blog will cover topics on running a small business, working from home, taxes and personal finance.
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11:14 AM, Jul. 14, 2006
What I learned from the IRS
(view similar articles on Non Profit Organizations)
I recently attended an IRS workshop for small and medium Tax Exempt organizations. (that's what the IRS calls nonprofits with 501c3 status) It was quite good; one of the best workshops I have attended. Nice to see the IRS being helpful!
Here is just a smattering of what I learned:
The IRS is taking the employee/independent contractor status seriously. We discussed the recent IRS audit of a youth soccer league who classified employees and ICs. Read my blog entry on that issue.
There is a difference between lobbying and political campaigning. Lobbying for (or against) legislation is allowable for 501c3 organizations. Endorsing a political candidate for local, state or federal office is not permitted. OTW, the IRS doesn't grant tax exempt status for political campaigning. More details to follow...
The IRS is lenient if an organization is proactive in complying with the law. They are not so lenient if an organization is audited and found to be breaking the law.
The IRS doesn't always win. The IRS agent was actually quite funny in telling us stories about cases the IRS has lost.
Carol
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