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Non-Profit Officers Will Find Something New in Their Annual IRS Filings on May 15th -- The Possibility of Legal Action for Avoiding State Registrations
Martignetti Planned Giving Advisors Publishes First State-by-State E-Manual to Provide Complete Guidance and Filing Forms for Each State
| Quelle: Martignetti Planned Giving Advisors
NEW YORK, NY--(Marketwire - April 29, 2009) - Officers signing their non-profits' radically
revised IRS Form 990 this year may want to read the small print on risking
perjury by making false statements about filing at the state level for
fund-raising and other activities, according to Martignetti Planned Giving Advisors, LLC,
a New York-based consultancy group that advises non-profits.
"Charity registration and licensing throughout the 50 states has long been
a regulatory morass that most non-profits avoided or ignored. Enforcement
by the states has been nearly non-existent and many states don't have
penalties for noncompliance," said Tony Martignetti, Esq., Managing
Director of Martignetti Planned Giving Advisors. "This year the IRS
stepped in and changed the game."
Martignetti noted that the new Form 990 -- signed under penalty of perjury
by an officer -- makes it impossible to legally avoid state registrations
because it calls for a list of the states in which a copy of the Form 990
is required to be filed.
"You can only answer that, however, after you research every state, figure
out where to register, then search out whether those states require your
990," Martignetti said. "A question on Schedule G asks where 'the
organization is registered or licensed to solicit funds or has been
notified it is exempt from registration or licensing.' Again, a
substantial and time-consuming amount of research is required to
confidently respond."
Martignetti Planned Giving Advisors has addressed those issues with its
newly published e-manual
Charity Registration: State-by-State Guidelines for Compliance.
Organized by state, the e-book is fully clickable and searchable. This is
the only state-by-state manual available for the entire registration and
licensing process, including filing forms.
About Martignetti Planned Giving Advisors
Based in New York, Martignetti Planned
Giving Advisors, LLC is a Planned Giving consultancy that works with a
wide range of educational, cultural, social service, religious and
healthcare institutions to create donor opportunities by building planned
gift programs. For more information about Martignetti Planned Giving
Advisors, go to www.mpgadv.com.