Friday, December 02, 2005

The Jewish Journal Of Greater Los Angeles-Fight the Minotaur in the Tax Labyrinth

The Jewish Journal Of Greater Los Angeles: "

Fight the Minotaur in the Tax Labyrinth

by John Chiang

This past September, the Bureau of Jewish Education of Greater Los Angeles, the Zimmer Children’s Museum and representatives of more than 70 other organizations attended a seminar for nonprofits that I conducted at The Jewish Federation of Greater Los Angeles.

Like many taxpayers, nonprofit organizations need guidance to comprehend the labyrinth of federal and state tax laws. With the exception of accountants and attorneys, few people absorb the millions of words that make up state and federal tax codes, including rules and regulations. In addition, many nonprofits cannot afford the expense of maintaining counsel to steer them through the thicket of tax laws.

To facilitate seminars that provide vital tax information to nonprofits, I enlist experienced speakers from various federal, state and local agencies to break down our complex tax system into easily understood component parts. At The Federation seminar, experts discussed provisions of the state and federal tax codes that apply to nonprofit organizations, as well as laws that specifically govern their activities."

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