Can anyone explain NHRA?

Bruce Noland · 04-22-2009, 06:00 AM

Bill,
There is a common sense formula that the IRS uses to monitor the payroll of non profit, not-for-profit organizations. Some of these organizations have been in trouble recently for over payment to executives. Every year articles pop up in the DC papers about the IRS busting some of these corporations masqurading as a tax exempt organization. They busted one former big time political figure last year for running one out of her house with her children on the payroll. It just depends if the IRS gets around to looking into any specific "organization". If an organization survives an IRS audit then they are good. That's the only way to know for sure. Some of these organizations start out on firm ground but end up on the slippery slope because of mismanagement or by simply out living their intended purpose. Times change!

Ed,
I think Bill was referring to some of the border line tax exempt organizations. There are thousands of tax exempt organizations. The majority of them are doing great work.

04-22-2009, 06:00 AM	#10
Bruce Noland VIP Member Join Date: Jun 2002 Posts: 1,855 Likes: 83 Liked 444 Times in 145 Posts	Re: Can anyone explain NHRA? Bill, There is a common sense formula that the IRS uses to monitor the payroll of non profit, not-for-profit organizations. Some of these organizations have been in trouble recently for over payment to executives. Every year articles pop up in the DC papers about the IRS busting some of these corporations masqurading as a tax exempt organization. They busted one former big time political figure last year for running one out of her house with her children on the payroll. It just depends if the IRS gets around to looking into any specific "organization". If an organization survives an IRS audit then they are good. That's the only way to know for sure. Some of these organizations start out on firm ground but end up on the slippery slope because of mismanagement or by simply out living their intended purpose. Times change! Ed, I think Bill was referring to some of the border line tax exempt organizations. There are thousands of tax exempt organizations. The majority of them are doing great work. __________________ Bruce Noland 1788 STK