Non-Profit Organizations Publications

Community Organizations Create Fund to Offer Grants to Support Northeast Wisconsin Non-Profits Impacted by COVID-19

By: Sherry D. Coley and Tiffany E. Woelfel While everyone is feeling the impact of COVID-19, community non-profits and schools are rallying to provide relief and services—such as food—to those in need, while also being impacted by decreased funds and fewer volunteers.  Now, community organizations across Northeast Wisconsin are stepping up to provide support to…

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Increase in Safe Harbor Expense Threshold Creates Opportunity for Small and Medium-Sized Businesses

With the release of Notice 2015-82, the IRS has provided a valuable end of year tax-planning tool to businesses looking to expense tangible property purchases. The tangible property regulations have been in effect since January 1, 2014. The regulations included a safe harbor under which businesses may expense, rather than capitalize, certain tangible property. One…

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Is Your Estate Plan Jeopardizing your S-Corporation?

Many of us are familiar with the basic S-corporation mantra – avoid the so-called double taxation of regular C-corporations, all while maintaining the limited liability and practical advantages of a corporation. While many business owners engage in detailed planning to ensure compliance with Subchapter S of the Internal Revenue Code in order to maximize the…

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IRS Form 1023-EZ: Nonprofits Rejoice – but is the Potential for Fraud Real?

On July 1, 2014, the Internal Revenue Service (IRS) released Form 1023-EZ, a streamlined alternative to the venerable IRS standard-bearer in the world of nonprofits – Form 1023 Application for Recognition of Exemption Under Section 501(c)(3). The original Form 1023, weighing in at a robust 26 pages (including 7 schedules), can be burdensome, especially for…

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