Tax, Legal & Compliance
November 19, 2015 at 9:27 am
When you get a call asking for money in the name of a charity, Georgia law requires them to tell you whether they're getting paid with some of your donation. But there's a loophole to that law, one the FOX 5 I-Team discovered a local police charity knows all too well. The DeKalb Fraternal Order…
November 17, 2015 at 10:14 am
The Clinton Foundation filed its 2014 tax return, and amended its filings for 2010, 2011, 2012 and 2013. In a highly structured statement, foundation president Donna Shalala explained that this was all voluntary. Besides, she noted, it all came about because of an error in 2010 to 2013 filings. The updated returns can be found…
November 16, 2015 at 10:37 am
In September, a judge ruled that music licensor Warner-Chappell doesn't own the copyright to "Happy Birthday." The question now seems to have become: who does? A charity called the Association for Childhood Education International (ACEI) has stepped forward now to say that if Warner loses the copyright, it should become the rightful owner. Earlier this week,…
November 13, 2015 at 8:33 am
Tax policy was a central focus of the recent Republican debates, as candidates called for tax reform and defended the tax plans they’ve proposed over the past few months. However, one of the most surprising moments of the debate came from a candidate who has not yet released a comprehensive tax plan: Dr. Ben Carson.…
November 11, 2015 at 9:04 am
Ellis Wamsley IV told a North Texas company that its $2 million investment would be used for economic development projects throughout the U.S. Wamsley’s nonprofit FAIM Economic Development Corp. in Dallas had promised on its website to “economically emancipate, educate and empower the community” with financial literacy education. Instead, Wamsley and his chief operating officer,…
November 9, 2015 at 9:57 am
When leaders manage charitable organizations with clear visions, realistic expectations and sound budgets, that overhead spend tends much closer to the public’s ideal of 23 cents per dollar. The key is finding a balance between the costs of overhead support for the mission and the mission itself, and the answer is often found in the realm of business...
November 5, 2015 at 10:42 am
The U.S. Supreme Court will consider this week whether to hear a potentially landmark First Amendment case on donations to nonprofit groups, marking a flashpoint in a battle over money and free speech increasingly taking place in courts instead of legislatures. At issue is a California regulation requiring all nonprofit groups that solicit donors in…
November 5, 2015 at 10:25 am
FOX23 learned the Oklahoma Jazz Hall of Fame’s nonprofit status was revoked by the Internal Revenue Service. FOX23 previously reported about ongoing financial problems at the Jazz Hall, like the nonprofit bouncing checks to Tulsa County for insurance payments, part of its lease agreement. The Jazz Hall of Fame also is behind on its Downtown…
November 5, 2015 at 10:19 am
The Arizona attorney general's office says it shut down a veterans-charity scam that bilked about $750,000 from seniors across the U.S. suffering from Alzheimer’s disease and other memory-related disorders. Attorney General Mark Brnovich and his office terminated three Phoenix telemarketing companies owned by Robert Foster—Happy Hands LLC, Standing Tree LLC and Action Point LLC—as part…
October 30, 2015 at 10:13 am
Minnesota Attorney General Lori Swanson is suing the man who organized this year’s “LoziLu” mud races as fundraisers to fight cancer, saying he has violated charity and consumer protection laws. The action targets Frederick Bradley Kellogg and a Minnesota company called Fresh New Taste LLC that were running women-only obstacle mud races around the country.…
