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current issue in government and non-profit accounting

Use the Internet or other resources to locate an article pertaining to a current issue in government and non-profit accounting. Prepare a 350-400 word analysis of your article.

In your analysis, summarize the content of the article. Also, examine the issue presented in the article and how it could affect the municipality in which you live.

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I will analyze the issue presented in the article in the following link:

http://www.the-dma.org/nonprofitfederation/NoncashGiftContributionsInCrisisWhitePaper.pdf

Basically, the issue is regarding the elimination of non-cash gift deduction rules. Most of the non-profit organizations receive non-cash gifts in the form of medical supplies, food, clothes, books and a host of other non-cash supplies, for which the donor is eligible for a tax deduction. But since donors are misusing this rule by engaging in valuation misstatements, they plan to eliminate or modify this rule. But this could dealt a great blow to non-profit organizations as they ...

Solution Summary

Use the Internet or other resources to locate an article pertaining to a current issue in government and non-profit accounting.

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