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Ryan Hughes

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Clients in the News

Tuple Legal Client Forces Bernie Sanders to Withdraw Endorsement

Tuple Legal Client Forces Bernie Sanders to Withdraw Endorsement

During the 2020 Democratic Primary, California Women’s List was particularly taken aback when Bernie Sanders endorsed a candidate with a “long history of ugly comments about women”, as the Daily Beast reported.

Starting a Nonprofit? Take the Form 990 Quiz!

When are 501(c)(3) charities and 501(c)(4) organizations required to file a full Form 990, rather than Form 990-EZ or 990-N?

It only depends on the organization’s gross receipts for the tax year.

It only depends on the amount of the organization’s assets at the end of the year.

It depends on the organization’s gross receipts for the tax year and the amount of its assets at the end of the tax year.

It depends on whether one of those organizations employs professional fundraisers and how much those professionals raise for the organization.

Correct!

Wrong!

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After how many consecutive years of not filing Form 990 will the IRS revoke a nonprofit’s exempt status?

3

1

4

2

Correct!

Wrong!

-

What is the Form 990 compensation threshold for reporting the organization’s five current highest compensated individuals?

$200,000

$100,000

$50,000

$150,000

Correct!

Wrong!

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When may 501(c)(3) charities and 501(c)(4) organizations file a Form 990-N "postcard" tax return, rather than a Form 990-EZ?

It depends on the organization’s gross receipts for the tax year and the amount of its assets at the end of the tax year.

It depends on the organization’s age and its amount of gross receipts over one or a number of years.

It depends on the organization’s amount of gross receipts over three years.

It depends on the organization’s age and its ratio of expenses to revenue.

Correct!

Wrong!

-

Which donations are required to be disclosed on Schedule B of Form 990 or Form 990-EZ?

Any donation of $5,000 or more.

Any donation acquired through a professional fundraiser.

Any noncash contribution (e.g., donated cars, art, vacation tickets for raffle, etc.).

Any donation from an organization’s directors or officers.

Correct!

Wrong!

-

What’s the penalty for filing Form 990 late?

$20 per day, up to $51,000.

Congress has not yet implemented a penalty, so revocation of tax-exempt status after three years is the only penalty.

$100 per day, up to 5% of gross revenue for the tax year.

$20 or $100 per day, depending on the size of the organization, with caps on the penalty.

Correct!

Wrong!

-

Share the quiz to show your results !

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(Information in quiz should not be taken as legal advice. All situations are different and require individual analysis.)

Tuple’s Memos

Supreme Court Holds California’s Charity Donor Disclosure Requirement Unconstitutional

Supreme Court Holds California’s Charity Donor Disclosure Requirement Unconstitutional

On July 1st, 2021, the Supreme Court ruled that California’s charity donor disclosure requirement is unconstitutional. The ruling will impact charities’ filing requirements with the California Attorney General’s Registry of Charitable Trusts—and may later affect their Form 990 tax filings with the IRS.

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