MORISON COGEN – TAX SPECIALISTS

Get The Money You’re Entitled To
Avoid Paying Penalties

Plan now to reimburse staffers, board members and volunteers

Even if your not-for-profit organization rarely needs to reimburse staffers, board members or volunteers, reimbursement requests almost certainly will occasionally appear. At that point, will you know how to pay stakeholders back for expenses related to your nonprofit’s operations? If you have a formal reimbursement policy, you will. Plus, you’ll [...]

Arm your nonprofit against financial threats

Whether it’s inflation, trouble finding staffers in a tight labor market or cybersecurity, nonprofit leaders have a lot to worry about. If making financial forecasts is more difficult than usual, consider taking measures that will fortify your not-for-profit’s position, regardless of the challenges. Keep an eye on cash Your organization [...]

Federal Tax Posts





Can posting on social media be evidence in a tax dispute? In one case, the U.S. Tax Court said yes. The court allowed the IRS to present a woman’s blog posts as evidence. The taxpayer and her husband allegedly underpaid tax for multiple years. After the husband died, the wife sought “innocent spouse” relief, which the IRS denied. The blog posts were relevant because they revealed knowledge of the taxpayer’s assets, lifestyle, business and her relationship with her spouse. For example, they included pictures of her and her husband on vacation. The court ruled that even though the posts weren’t part of the administrative record, they were “newly discovered evidence.” (160 TC No. 4)

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