Jump directly to the content

Charities Come Under Increased Scrutiny

How are churches affected?

How are churches affected?

Article summary. In recent years charities have come under increasing scrutiny by Congress, state regulators, and the IRS because of a number of factors, including (1) concern that financial statement irregularities involving such celebrated companies as Enron and Global Crossings may also be occurring in nonprofit accounting; (2) concern over the role and oversight function of corporate boards; (3) excessive compensation paid to officers; (4) inflated valuations of donated property; and (5) conflicts of interest. These and other concerns have led to various legislative and administrative changes, as well as numerous proposals for change. The number of these changes and proposals is bewildering and has caused much confusion. Most importantly, which of them apply to churches? This article will navigate readers through the maze of changes and proposals and explains ...

Log In For Full Access

Interested in becoming a member? Learn more.

Richard R. Hammar is an attorney, CPA and author specializing in legal and tax issues for churches and clergy.

Related Topics:
Posted:
  • September 1, 2005

Related ResourcesView All

2020 Church & Clergy Tax Guide
2020 Church & Clergy Tax Guide
Find comprehensive help understanding United States tax laws as they relate to pastors and churches.
Talking to Your Congregation About Money
Talking to Your Congregation About Money
Helpful insights on talking about money and encouraging people to become generous givers.
Charitable Contributions Bulletin Inserts
Charitable Contributions Bulletin Inserts
Help your members give more by answering their charitable giving and tax law questions.
Church Fundraising Campaigns
Church Fundraising Campaigns
Discover tips on raising and borrowing money.