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Archive for 2010

New 990 Filing Threshholds

Friday, December 3rd, 2010

The IRS has announced that starting with tax year 2010, nonprofits with gross receipts of $50,000 or less may choose to use the 990N reporting to the IRS.  This is a change from the previous threshhold of $25,000. Saying again, this affects THIS tax year (2010). The 990N is the on-line reporting that only requires […]

Wordle – Words into Art

Tuesday, November 16th, 2010

Check out Wordle to make art out of text.  It’s an automatic word scrambler that can incorporate some very cool effects.  Here’s my homepage intro paragraph, turned into art: Wordle–Coffee and Law

Expert Procrastination

Saturday, November 13th, 2010

This is me, not working. I can find all kinds of meaningful things to do while avoiding “real” work (that is, billable projects that are all sad and forlorn on my desk, and should be completed, “any day now.”). I can pay bills, read and answer email, catch up on on-line law journals, read on-line […]

Property Tax Caps = BAD for Indiana

Thursday, October 28th, 2010

One of the more interesting Indiana legal bloggers, Doug Masson, echoes my sentiments about the complete idiocy of the proposed Constitutional Amendment “enshrining” property tax caps.  The comments are also generally well thought for this topic.  I won’t reproduce them here, but I will provide the link. I urge you to read up on the […]

Time is Running Out! Nonprofits have until 10/15 to file with IRS

Wednesday, October 6th, 2010

Small nonprofits have until Friday, October 15, to submit their online 990N. This end of the six-month extension from the (normal) May 15 deadline. This same one-time extension is available to 990 EZ nonprofit taxpayers earning more than $25,000, but still qualifying for a “small nonprofit” classification. Nonprofits who have not kept up with filing […]

Living without cash

Monday, September 20th, 2010

Thanks to Chuck Newton’s Blog for this one: UK resident Mike Boyle has been living without cash for over a year, and manages by being frugal, dumpster diving, and living off the land.  The point is not to run out and adopt his extreme lifestyle; Point One is that it can be done, and quite […]

Looming on the Horizon – Estate tax law

Thursday, July 29th, 2010

The expiration of the Bush-era estate and gift tax laws presents a sobering picture for farmers.  Even moderately-sized farmers may be facing the loss of part of their family farm due to estate taxes starting in 2011 because Congress is ignoring this particular issue.    Stay tuned and talk to your Congress representative sooner, rather than […]

Fair Comment on the Ag Industry

Thursday, July 22nd, 2010

I follow several Ag news sites and blogs.  Two of my current favorites: Humane Watch Indiana Prairie Farmer I also have clients, colleagues and friends who keep me well-supplied with links to websites and articles of interest. Frequently, these are hyper-negative reports and rants about livestock farming operations that compel me to walk away from […]

Law for Change – Nonprofit Legal

Thursday, June 10th, 2010

Law for Change is a new website of legal resources that bills itself as “The Legal Forum for Social Innovation.” (From the site)  “This site combines in one place a broad menu of legal information prepared by leading law firms and lawyers specifically tailored to the needs of social entrepreneurs and innovators, social enterprises, charities, […]

The Secret Powers of Time

Wednesday, June 2nd, 2010

RSA (Royal Society for the Arts) has a series of animated short lectures which discuss some pretty interesting stuff — the one posted below is “The Secret Powers of Time.”  Once you finish this, you’ll find yourself watching more.  Fascinating. The Secret Powers of Time

IRS Tax Exempt Revocation Letter

Tuesday, May 25th, 2010

Follow up to an earlier post — One of my clients just received one of the first “File or be Revoked” letters from the IRS.  I’ve attached a copy, you can see what it looks like. 05-24-10 IRS 990 Notice Note that for this particular nonprofit, the year end in question was September, 2008, so […]

HELP! I’m a nonprofit and I didn’t file my IRS 990!

Saturday, May 22nd, 2010

The IRS blitzed the media in the past week about getting the 990 (particularly the on-line 990N) filed by the May 17 deadline.  Dire consequences of losing your §501(c)(3) status have been promised. The IRS 990N website was clogged for the few days before, and the day of, the deadline.  If you couldn’t get online […]

The Future of Farming

Monday, May 10th, 2010

I’m a big fan of the Discovery Channel show, “Dirty Jobs.”   Mike Rowe is a sensible “everyman” who not only tells it like it is, but shows it like it is.  Last fall, he was the keynote speaker at the National FFA Convention in Indianapolis (my FFA-member daughter was delighted at the chance to see […]

If You Wear the Title, Play the Part

Thursday, May 6th, 2010

Come dressed appropriately for a business meeting (cover as many tattoos as possible) Turn your cell phone off (unless you are in the life saving business) Show up on time There is a difference between an excuse and a reason (call me for clarification) Everyone makes a mistake (even you) so develop a forgiving spirit […]

Earth Day 2010

Monday, April 26th, 2010

This is the 21st Century, folks, and we are smarter, more technologically savvy, and have the lessons of the past century to guide us. So, what are we doing for the environment in the 21st Century? Take a look at the NYT article published on Earth Day, 2010: For Earth Day – 7 New Rules […]