Music hello everyone this is Debra Richardson and today I am putting the AAP and happy where Accounts Payable teams are empowered to protect the vendor master file from fraud this podcast will give a voice to Accounts Payable team members by talking about the growing reality of cyberattacks in their world and which vendor setup and vendor management techniques they can apply to protect the vendor master file from fraud stay tuned today I am talking about fake charities and what you and your team members can do to protect the vendor master file from fraud Music welcome to episode 3 where the topic is fake charities how to protect your vendor master file from fraud so let's first look at contributing factors increasing the risk that your company will receive a request to set up a fake charity as a vendor in your vendor master file so there are 4 contributing factors that I have listed the first one is natural disasters per the Internal Revenue Service are the IRS criminals look to take advantage of generosity by impersonating charities to get money or private information from well-meaning taxpayers last year Hurricane Harvey cost billions of dollars of damage in the state of Texas alone the IRS issued a warning about possible fake charity scams emerging due to Hurricane Harvey and encourage taxpayers to seek out recognized charitable groups for their donation this year we had hurricane Michael there were California wildfires back in September there was the Indonesia earthquake and tsunami there was also hurricane Florence and the after-effects of tropical storm lane and those are just a few of the worldwide natural disasters that occurred in 2024 the second contributing factor is givingtuesday that refers to the Tuesday after the u.s. Thanksgiving holiday in the United...
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Publication 78 data list Form: What You Should Know
Some of these are not exempt. Some of these are for tax-exempt purposes (exempt from Federal Income tax) so you must check these the IRS Form. However, to be exempt under Section 501(c)(3) of the Internal Revenue Code of the U.S. a person or corporation must be organized and operated exclusively for exempt purposes. IRS Publication 78 Quick Reference Cards. There are some other interesting publications in the IRS Publication 78 file which you should be interested in: Pub. 78-B. This is the list of organizations that are exempt, as well as the total contributions made by these organizations in a calendar year. This is the IRS' primary source data. You may also be interested in Pub. 78-D. This is the tax-exempt organizations list. For the 2024 calendar year, this is updated once quarterly. Pub 78-E. This is the same tax-exempt organizations list, but with only the top 9,350 organizations, and the Top 10% of organizations. How can you use a Do Not Pay tax account? Taxpayer Bill of Rights — Investopedia There are many advantages to using a Do Not Pay (DNP) Quick Reference Card that you should consider considering using with your tax-exempt organization. The most common question I am asked by clients is why do I want to use a Do Not Pay Tax account, and that is the reason I explain that most of the reasons in my book are based on my tax-exempt experiences. Why should you not use a Do Not Pay tax account? You need to think of a business. How should your tax-exempt organization pay its expenses? It is in your best interest to pay for its operating expenses  and its personnel, instead of having that money going to the IRS and to the IRS' contractors. Taxpayers may also consider paying for some of your expenses out-of-pocket or through a government-issued form of credit. You don't have to pay tax to anyone (other than to use your tax-exempt status). Your organization will have to report all your transactions online. In addition to these benefits from the IRS, you may also want to consider using a Do Not Pay tax account for the following reasons: Your IRS account is at risk.
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