Nonprofit news from around the web: Jan. 29 – Feb. 3

Written on Jan 31, 2018

In case you missed them, here are some recent interesting nonprofit news items from around the web.

An easier way for tax exempts to file with Form 1023-EZ
If you have clients with tax-exempt status and you want a simpler way to file their returns, the IRS has found a way. The agency recently released instructions for Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code.

Attorneys on new tax law: Nonprofits don't know what's hit them yet
The Tax Cut and Jobs Act hasn't simplified things for nonprofit organizations. Far from it. It's made things much more complex and, potentially expensive, especially when it comes to paying top leaders.

Trade, tariff issues create headaches for associations
Decisions by Trump administration officials to implement tariffs on various imported products in recent weeks - most notably in the solar industry - have many trade groups and countries crying foul. The moves suggest a tough landscape for trade as NAFTA talks pick back up.

A cautionary tale for nonprofit employees: Watch your benefits package
Three longtime employees of a social service agency in San Jose, California, have filed a lawsuit against the agency and several investment companies for mismanaging employee pensions.

Tech Corner – Unprecedented Android spyware designed to listen in at selected places
A newly discovered variety of Android malware that Kaspersky Lab calls “one of the most powerful spyware tools that we have ever seen for this platform” can surreptitiously record audio when a device enters locations attackers choose, the security company warns.

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