Here are some interesting news items form the last week or so.
From the Nonprofit Times comes this piece about about the cap for the US Post Office rate hike. Thanks to a sluggish economy, the article says, when the Post Office petitions for a rate increase this year average increases will be capped at an average of 3.8 %
From the Chronicle comes this item that I could not agree with more. Marc Owens, a former chief of the IRS’s Exempt Organizations (EO) Division has called on the IRS to offer explicit guidance on what it expects in matters of governance from nonprofit organizations. With the IRS’s new push towards governance regulation and the belief that, according to Steven T. Miller, commissioner of the IRS’s tax-exempt and government-entities division,”a well-governed organization is more likely to be compliant with the tax law, while poor governance can easily lead to trouble” it would be nice to have some kind of official guidance as to what that is. I agree that a well governed nonprofit is probably a better nonprofit but I would like to see some clear rules so nonprofits are not the object of subjective discipline.
The IRS has announced this years small and mid-size nonprofit workshop series here.
And finally, I have updated the “New 990 To-Do List” since the final version of the form has been released.