The IRS’s staffing shortages have been well publicized. But it’s a mistake to assume that the agency has stopped scrutinizing not-for-profits. Don’t panic if you receive an audit letter. The letter will inform about whether the IRS is conducting an in-person, field audit or a correspondence audit. This second type simply requires you to send
audit Archives - Crawford Ellenbogen
Jul 9, 2019
What to do if your nonprofit receives an IRS audit letter
- By Ellenbogen
- Non-Profit
- 0 Comments
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Feb 13, 2019
Warning! 4 signs your nonprofit is in financial danger
- By Ellenbogen
- Non-Profit
- 0 Comments
Signs of financial distress in a not-for-profit can be subtle. But board members have a responsibility to recognize them and do everything in their power to avert potential disaster. Pay particular attention to: 1. Budget bellwethers. Confirm that proposed budgets are in line with strategies already developed and approved. Once your board has signed off