Audits and More Audits

Organization Do-Good, Inc. is a (hypothetical) California Nonprofit Public Benefit Corporation with tax exemptions in good standing from the Internal Revenue Service and the California Franchise Tax Board. The Do-Good staff and board know they’re in good standing with the IRS because they were just audited by the federal tax agency. So, that’s it …, right? They’re safe, aren’t they - at least for a while - from any Read More

A Recipe for How To Get Noticed by the California Attorney General

Recently, two fellows in Napa, California, have been cooking up a hearty feast of trouble. But the saga began in 2004 when an elderly gentleman - let’s call him Mr. A - set out to get his affairs in order. Mr. A had done well for himself. His Napa residence and a substantial investment account were together valued at over $2 million. He had no heirs but wanted his estate to assist needy students with scholarships. Read More