New options for automatically revoked organizations to apply for reinstatement
Organizations that have had their tax-exempt status automatically revoked for not filing required 990 series returns may apply for reinstatement. Revenue Procedure 2014-11 provides four options for applying for reinstatement and explains how the new procedures apply to pending and recently approved applications.
Revenue Procedure 2014-11 modifies and supersedes the procedures described in Notice 2011-44.
Step by Step Guide for Starting a Nonprofit (California)
See this guide here on the The California Association of Nonprofits website
It was writen by Attorneys Emily Chan and Gene Takagi
Gene Takagi's firm is the The NEO Law Group
NY Attorney General's Charities Bureau Summary of Annual Filing Requirements
This was recently posted on the NYS Charities Bureau website. Nothing new, but could be helpful...
http://www.charitiesnys.com/pdfs/Annual%20Filing%20Requirements.pdf
The NY Non-Profit Revitalization Act of 2013 has been signed
The "Non-Profit Revitalization Act of 2013" which has passed in the NYS Senate and Assembly will raise the gross revenue thresholds triggering the requirement to obtain an independent CPA's audit from $250,000 to $500,000 for and an independent CPA's review from $100,000 to $250,000 starting for fiscal years ending on or after July 1st of 2014. The gross revenue threshold for an independent CPA's audit will escalate to $750,000 on July 1, 2017 and $1 million on July 1, 2021.The Attorney General will have authority to request an independent CPA's audit from nonprofits with gross revenue over $250,000 after reviewing their annual filings. The audit requirement will escalate but the review requirement will stay fixed on $250K. Also, the pending law uses gross revenues to calculate the threshold, which would most likely mean revenues will be calculated without reducing for special events expenses, cost of goods sold and other items. This bill was signed into law by Governor Cuomo on December 18th, 2014.