When it comes to cash, the IRS is likely to be included. And unfortunately, tax legislation is complicated and confusing. What some nonprofits do not know is that there are nonprofit condition fundraising registration principles that if you you should not follow, the IRS can get included and make a huge headache for the unknowing and unsuspecting nonprofit. Fines, community shame and even returning donations can end result from not subsequent the guidelines. To aid with this quagmire of rules and polices, Stephen Fishman, J.D., wrote “Nonprofit Fundraising Registration: The 50-State Guidebook.” This guide will exhibit you how to fundraise legally in all states, full the Unified Registration Assertion, and fully grasp Net fundraising rules.
This just isn’t a enjoyment e-book, nor is it pleasurable. It’s not a guide you want to just sit down and read. In reality, all the rules and restrictions just could annoy you or make you indignant. Nonetheless, if you are a nonprofit and are seeking to fundraise throughout the place, this guide has some excellent information you will want to know and have on hand to be certain you observe the principles and never have big brother IRS shelling out you a go to that you really don’t want to occur.
There is a brief introduction explaining how points are even more durable for nonprofits these days, and then it goes into the 1st chapter that focuses on the essentials of point out regulation of nonprofit fundraising. From there, it goes into an overview of the fundraising registration system in chapter two, and proceeds in chapter a few with facts about the IRS and State Registration. (This features some of the newer types)
Chapter four covers Online fundraising and registration. Chapter five is a limited chapter on The Unified Registration Assertion. The final chapter, 6, covers qualifying to do company out of point out. These 6 chapters comprise of 113 pages. So you can get the information quite fast, and like all Nolo guides, the facts is presented in an straightforward to realize format. If nothing else, the ebook will much better prepare you to explore the challenges with your tax qualified or attorney.
The remainder of the ebook, webpages 115 by way of 348 consists of Appendix A which consists of condition by point out principles for registration, Appendix B which has supplemental state sorts for the URS, and an Index. Naturally, you will only will need the sections on the states you are fascinated in. I also must caution persons utilizing this e book to make certain that the condition legislation is continue to exact. The difficulty is that States and our Federal Authorities are generally changing laws, so make guaranteed you double verify nearly anything from a reserve to make certain it is however precise and up to date. Nolo does a good job of keeping information updated, but however look at to make confident.
This book has confined use, but for all those that are concerned with nonprofit fundraising, it is a superior reference to have.