IRS Audit Guides Inform Nonprofits about Review Criteria
The prospect of being audited by the IRS is as unsettling to nonprofit leaders as to individuals and for-profit businesses. To assist nonprofit staffs and boards, as well as the tax preparers and attorneys who advise them, the IRS is sharing the training materials known as Audit Technique Guides (ATGs) it uses to guide its reviewers through looking at 501(c)(3) public charities and other types of nonprofit organizations. (Importantly, the guide specific to 501(c)(3) private foundations is not available but noted as “coming soon.”)
There are almost 30 guides available on everything from charter schools and public interest law firms to apostolic associations and black lung benefit trusts...