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EO Update: e-News for Charities & Nonprofits

May 24, 2018

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EP and EO participating in 2018 IRS Nationwide Tax Forums

Employee Plans and Exempt Organizations will participate in the 2018 IRS Nationwide Tax Forums in five cities starting in July. The forums offer three days of seminars and workshops featuring speakers from both the IRS and tax practitioner organizations. In addition to getting the latest tax information, tax professionals can earn continuing education credits for their attendance.

Tax Scams/Consumer Alerts

Thousands of people have lost millions of dollars and their personal information to tax scammers using regular mail, phone, or email.

The IRS doesn’t initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. Recognize the telltale signs of a scam. See: How to know it’s really the IRS calling or knocking on your door

Updated forms and publications:

Upcoming professional development class offered by the NPML Program at UMSL – Search Engine Optimization and Search Marketing 101 for Nonprofits

May 22, 2018

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Thursday, June 14, 2018 from 3-5 p.m. in # 202 JC Penney Conference Center (on the UMSL north campus)

This interactive and data-driven workshop covers a range of SEO (Search Engine Optimization) and on-line search marketing issues.  Some of the topics to be covered will include:

  • Increasing organic search visibility
  • On-page optimization
  • Keyword discovery
  • Tracking and reporting
  • Link building
  • Search marketing, including Google Grants
  • Content marketing

Showing up in search engine results (organic search) is a key way to reach your most important audiences. But improving your website’s visibility in Google can be daunting. Designed specifically for nonprofit organizations, this expert-led workshop will teach you how to implement SEO best practices that will improve your organization’s online visibility, boost fundraising efforts, drive qualified web traffic, and bring increased awareness to your cause.

Key Takeaways:

  • How search engines work
  • The 3 most important SEO considerations
  • How SEO fits

Upcoming Web conferences

May 18, 2018

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Upcoming Web conferences

May 18, 2018

Authored by: Keith Kehrer

Understanding Payment Options – Thursday, May 24 (Two Sessions)

Includes an overview of:

  • Direct Pay
  • Online Payment Agreements
  • Cash Payments/IRS-Pay Near Me
  • Other Payment Options
  • Plus a live Q & A

Register for one of these sessions.

  • Session 1 (60 minutes) 11 a.m. Eastern
  • Session 2 (60 minutes) 2 p.m. Eastern – Closed captioning offered for Session 2 web conference ONLY.

The Office of Professional Responsibility: What You Need to Know about Practicing before the IRS (rebroadcast) – Wednesday, June 13

This free two-hour broadcast is for tax professionals and covers:

  • Changes to the regulations governing tax practice before the IRS (Circular 230 Rev. 6/2014)
  • Due Diligence obligations of tax professionals
  • Overview of other key Circular 230 provisions
  • Practitioner responsibilities to their clients and the Tax Administration System
  • Best practices for tax professionals
  • Office of Professional Responsibility Policies and Procedures

Register

EO Update: e-News for Charities & Nonprofits

May 9, 2018

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New IRS online tool offers expanded access to information on tax-exempt organizations; newly-filed data available to public for first time

The IRS introduced a new online tool designed to provide faster, easier access to publicly available information about exempt organizations.

The new Tax Exempt Organization Search (TEOS) replaces EO Select Check, a more limited tool available since 2012 that focused primarily on providing information on an organization’s tax-exempt status. Among the enhancements, the new TEOS tool includes images of newly-filed 990 forms and it’s mobile friendly so you can access it using smartphones or tablets.

“This new tool provides taxpayers an easy way to get information about charitable organizations,” said Acting IRS Commissioner David Kautter. “Tax-exempt organizations play a critical role in our nation, and this will provide greater insight for people considering donations.”

Many tax-exempt organizations must file information returns by May 15; do not include

Making a Difference (and a Profit): Advantages and Disadvantages of Forming or Converting into a “B” Entity

April 30, 2018

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With the creation of “B” Entities, businesses no longer need to choose between shareholder value and social impact.  Under traditional corporate structures, directors have a fiduciary duty to maximize corporate profits and “shareholder value,” which can drive companies to focus more on short-term earnings than their communities and the environment.  “B” Entities, on the other hand, refer to a corporate structure or private certification that requires directors to consider the social and environmental impact of their decisions in addition to the shareholders’ pecuniary interests.  “B” Entities can therefore be compelling for new businesses seeking to prioritize social good or for existing companies trying to demonstrate a commitment to running a sustainable, socially responsible business.

There are two types of “B” Entities:  “Benefit Corporations” and “Certified B Corporations.”  A company can be a Benefit Corporation or a Certified B Corporation or both.

A Benefit Corporation (also known in some states as a “Public

An Update on Private Foundation Impact Investing

March 28, 2018

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In November of 2016, Bryan Cave organized a half-day symposium examining the opportunities and legal considerations related to responsible and impact investing strategies. I participated on a panel to discuss how private foundations may engage in impact investing through the use of a program related investment (PRI).

We continue to see increasing interest by our foundation clients regarding the use of PRIs to engage in impact and social investing.  So why do PRIs continue to be a part of the conversation for private foundations that desire to engage in impact and social investing?

First, PRIs have been expressly included in the Internal Revenue Code and Treasury Regulations for more than 40 years, and thus are a very well-established and accepted tool.

Second, PRIs provide a variety of additional benefits to a private foundation beyond the social benefit derived from the investment itself.  For example, PRIs are not subject to the

EO Update: e-News for Charities & Nonprofits

March 27, 2018

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Join the IRS for a National Paycheck Checkup Thunderclap

We invite you or your group to join @IRSnews in support of the IRS Thunderclap effort promoting a national “Paycheck Checkup.” Following major tax law changes, workers should review their withholding to make sure they have the right amount of tax taken out of their paychecks.

Form 990 processing changes

As of January 8, the IRS is returning Form 990 series returns filed on paper – and rejecting electronically filed returns – when they are incomplete or the wrong return. IRS.gov answers the question What happens if my Form 990 is missing information or a schedule, or is the wrong return?

Form 990-EZ reminders

Tax-exempt organizations with annual gross receipts under $200,000 and assets under $500,000 (at the end of the reporting period) can use Form 990-EZ, Short Form Return of Organization Exempt from

Creating Successful Group Dynamics: How to Build Better Teams, Committees, and Collaborations

March 22, 2018

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Thursday, April 26, 2018 from 1-4 p.m. in #202 J.C. Penney Conference Center (on the UMSL north campus)

“Never doubt that a small group of thoughtful, committed, citizens can change the world. Indeed, it is the only thing that ever has.”   Margaret Mead

Groups, committees, teams and collaborations are essential parts of the work in a nonprofit organization.  What is the essence of “group process” and what is the role of the professional in creating successful ongoing decision making experiences?  How does a staff person know when to lead and when to step back to ensure that staff members and volunteer leaders are engaged, empowered and motivated? This seminar highlights the stages and elements of collective impact, including building trust, managing participants needs and expectations, responding to conflict and staying focused on the organization’s impact.

Instructor Marci Mayer Eisen has worked in the St. Louis nonprofit community for 30+ years with

EO Update: e-News for Charities & Nonprofits

March 19, 2018

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Use Form 1024-A to Apply for Recognition of Exemption under IRC Section 501(c)(4)

Organizations that choose to apply for recognition of exempt status under Internal Revenue Code (IRC) Section 501(a) as an organization described in Section 501(c)(4) should use the new Form 1024-A, Application for Recognition of Exemption under Section 501(c)(4) of the Internal Revenue Code.

Organizations seeking recognition of exempt status under Section 501(a) as an organization described in Section 501(c)(2), (5), (6), (7), (8), (9), (10), (12), (13), (15), (17), (19) or (25) will continue to use Form 1024, Application for Recognition of Exemption Under Section 501(a).

Form 1024-A doesn’t satisfy an organization’s separate requirement to notify the IRS that it’s operating under Section 501(c)(4). Instead, use Form 8976, Notice of Intent to Operate Under Section 501(c)(4).

Revenue Procedure 2018-5

Revenue Procedure 2018-5 simplifies the

Combination Adds Additional Strength and Depth to our Charity Law Practice

March 12, 2018

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We are excited to announce that London based Berwin Leighton Paisner (BLP) is combining with Bryan Cave. The combination will expand our global reach and increase our depth in key markets, creating a firm with approximately 1,600 lawyers in 32 offices across 11 countries in the United States, Europe, the Middle East and Asia.  BLP brings both strength and depth in core practices such as global real estate, international corporate, transactions and tax; private client; litigation, arbitration and investigations; and related areas of expertise; as well as highly rated financial services and financing practices. In addition, BLP is also strong and adds depth in the charity law sector, and like Bryan Cave, takes a team approach to achieve our charity client’s goals. The following is a brief overview of the BLP Charity Practice and approach:

Operating in the not-for-profit sector has never been more challenging – or more exciting: unprecedented

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