Monday, November 10, 2008
IS Conference -- Future predictions from the IRS Commissioner
The economy is on everyone's mind. Nonprofits are worried. IRS created 5 year teaching plan. It includes outreach and guidance to NPs, ongoing transparency and identifying and stopping misuse or abuse of charity funds. Watch out -- the IRS will start to pay particular attention to Universities and Hospitals. The Commissioner's one piece of really good advice was don't do a business deal if it doesn't feel right.