Amid high-profile prosecutions, an accountant explains what’s really going on

Nonprofit fraud is in the news a lot these days. Federal investigators in Minnesota prosecuted one of the largest alleged COVID-19 pandemic fraud schemes, in which several nonprofits and individuals are accused of stealing about US$250 million from a federally funded child nutrition program. The defendants were found guilty in 2025, three years after the […]

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Before celebrating big gifts, charities must watch out for fake donors

A New York philanthropist and personal assistant to billionaires, Matthew Christopher Pietras, allegedly stole millions from his employers and donated large sums to prominent charities to maintain a facade of status, wealth and generosity. Those schemes came to light when the Metropolitan Opera became aware that a US$10 million donation Pietras made in his own […]

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Influencers have trouble figuring out their tax obligations − and with good reason

The Internal Revenue Service hasn’t issued comprehensive guidance on how the estimated 27 million Americans earning income as influencers should report their income and expenses on their tax returns. That’s leaving people who either make a living or supplement their income by endorsing products and services on social media platforms such as Instagram and YouTube […]

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