IRS Guidance Explains Rules for Vehicle Donations #refinance #auto #loan #rates


#auto donation
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IRS Guidance Explains Rules for Vehicle Donations

Notice 2006-1 provides guidance on reporting obligations to donee organizations that receive contributions of qualified vehicles. It instructs the donee on how, where, and when to report to the IRS the information contained in the contemporaneous written acknowledgment that the donee provides to the donor. It supplements the interim guidance issued in Notice 2005-44. discussed below. Notice 2006-1 also notes that Form 1098-C will be revised to elicit the additional information required to be included in a contemporaneous written acknowledgment as a result of technical amendments contained in the Gulf Opportunity Zone Act of 2005. These revisions have since been made.

In Notice 2005-44, the IRS and Treasury explain rules adopted in the American Jobs Creation Act of 2004, which (1) generally limits the deduction to the actual sales prices of the vehicle when sold by the donee charity, and (2) requires donors to get a timely acknowledgment from the charity to claim the deduction.

Donors may claim a deduction of the vehicle’s fair market value under the following circumstances:

The charity makes a significant intervening use of the vehicle, such as using it to deliver meals on wheels.

The charity makes a material improvement to the vehicle, i.e. major repairs that significantly increase its value and not mere painting or cleaning.

The charity donates or sells the vehicle to a needy individual at a significantly below-market price, if the transfer furthers the charitable purpose of helping a poor person in need of a means of transportation.

The Service has revised Form 1098-C. which is used to provide the written acknowledgment. Finally, Notice 2006-1 provides guidance on the new penalties imposed on donee organizations that provide a false or fraudulent acknowledgment of a vehicle donation, or fail to furnish the acknowledgment properly.


Ssae 16 Type Ii #is #ssae #16 #needed,reports,reviewing #ssae #16,ssae #16,ssae #16 #audit #review,ssae #16 #review,ssae #16 #review #checklist,ssae #16 #reviews,ssae #review,ssae #reviews,ssae-18,ssae16,ssae16 #review,standards,third #party #ssae #guidance #review,who #is #required #to #have #a #ssae #16,who #is #required #to #have #ssae #16,why #get #ssae #16,audit #intensedebate,leave #a #reply: #name #(required): #website: #comments: #submit, #moderation,\’leave #a #reply\’ #\’name #(required)\’ #\’mail #(will #not #be #published) #(required)\’ #\’website\’ #it #services,controls,how #do #you #prepare #for #an #ssae #16 #audit,how #to #prepare #for #a #ssae #16,how #to #prepare #for #an #ssae #16 #audit,new #avenues #for #ssae #16,preparing #for #a #ssae #16,preparing #for #ssae #16,report #writing,ssae #16 #audit #preparation,ssae #16 #consulting #do #we #need,ssae #16 #preparation,ssae #16 #report,ssae #no. #16,example #soc #1 #report,soc #1,soc #1 #report,soc #1 #reports,soc #1 #type #2,soc #1 #type #2 #report,soc #1 #type #ii #report,soc #2,soc #3,soc #i,soc #report,soc #reporting,soc #type,soc #type #1 #report,soc-1 #report,soc1,soc1 #report,soc1 #reporting,soc1 #soc2,ssae #16 #reports,ssae #16 #soc #1,ssae16 #compliant #soc #1,system #and #organization #control #report,what #is #a #soc #1 #report,what #is #a #soc1 #report,what #is #ssae #16 #soc #1 #and #soc #2 #difference,at-c #320,cost,definition #soc #1 #ssae #16,how #ssea #16 #helps #auditors,prices,pricing,soc #1 #audit,ssae #16 #audit,ssae #16 #audit #checklist,ssae #16 #audit #report,ssae #16 #audit #requirements,ssae #16 #auditing #standard,ssae #16 #auditor,ssae #16 #checklist,ssae #16 #cost,ssae #16 #costs,ssae #16 #prices,ssae #17 #audit,ssae #18 #report,ssae #soc #auditing #and #reporting,ssae16 #audit,ssae16 #audit #report,ssae16 #checkilst,what #is #a #ssae #16 #audit,what #is #ssae #16 #audit,what #is #ssae16 #audit,what #is #the #purpose #of #a #ssae #16 #audit?


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The SSAE 18 Reporting Standard SOC 1 SOC 2 SOC 3 Support and Guidance for SSAE18, SOC 1, SOC 2, and SOC 3 reporting standards

Some organizations have heard of SAS 70, SSAE 16. and soon to be SSAE 18. but, don t really know WHY they need to pay to have a bunch of auditors trounce through their company for a month or two during the year, especially right after their financial audit just finished.
The answer is simple: Many companies will not even think about using your company to perform services for them without a clean Type II Report in place.
Some benefits of having an SSAE 16 performed :

  • Ability to perform outsourcing services for Public Companies.
    • If performing financially significant duties for a Public Company, they are required to use a SSAE 16 qualified provider as it is the only way to give investors assurance over controls that are not performed by the Company in question.
  • Public and Private companies are more likely to trust your organization with their data.
    • If you were to trust a company with your data, you would want complete assurance it will be handled with the utmost care
  • A year round accessible knowledge source (your auditors).
    • As a service organization, large or small, you will always have questions regarding your business and having a set of auditors in place with access to a wide array of business knowledge, it will allow you to bounce your questions and concerns off of a group of trusted individuals.
  • A third party to review your controls and activities to ensure they are functioning appropriately, and give advice on how to improve upon them.
    • Sometimes your internal audit department is good, but, not always as stringent as they should be. This will help to serve as a check on their work, as well as your staff. Additionally, if there were any findings noted, your auditors are in a great position to give you some tricks and tips to improve to ensure everything functions well the following period.
  • Improving performance of the organization.
    • Just the knowledge that a review is being performed of an employee s work that can have far reaching consequences for the company as a whole. No more, Oh, I didn t realize that reviewing user access was THAT important to do this month, sorry , now, everyone knows that if it s not done, the success or failure of the organization could rest upon them.

Think of the SSAE 16 or SSAE-18 audit as an annual investment into your company, increasing potential new clients. productivity and accountability .

This tip is focused on designing controls that reflect the process being testing, if they don t, a headache of massive proportions will be created once testing begins.
What do you do to make sure you don t screw this up? Have as many meetings as it takes to get it right.
What you need to do is sit down with the auditors, the department lead, the main employees responsible for performing the process, and anyone else whom could either play a role in testing or modifying the control in the future. Once that is done, Management should discuss what they determined the control to be and how it should operate, that is then reviewed by the auditors, and then the employees performing the tasks should be reconsulted to verify that the control still reflects their process accurately.
Many times people try to speed this process up and half-ass it, leaving many open items which upon testing could easily blow up into a huge problem. When the control isn t 100% agreed upon prior to testing and a deviation is noted, it s a tough call between failing the control and the ability to adjust it to accurately reflect the process. The problem is modifying a control after testing has begun is not proper and needs to be avoided at all costs.
Locking the controls locked down early on could save weeks in wrapping up your new SSAE 16 Report.
We have seen issues like this cause delays in issuing of the report to the client and running additional fees, since adjusting controls isn t free. Coming from the perspective of the auditor, we can let you know the pitfalls, consequences and how to best navigate the audit process. If you have any comments or questions please leave them below!

A SOC 1 Report (System and Organization Controls Report ) is a report on Controls at a Service Organization which are relevant to user entities’ internal control over financial reporting. The SOC1 Report is what you would have previously considered to be the standard SAS70, complete with a Type I and Type II reports, but falls under the SSAE 16 guidance (and soon to be SSAE 18 ).

Please see the following articles discussing the SSAE 16 guidance and additional information related to the SOC 1 (Type I and Type II) Reports:

In addition to the SOC 1 report which is restricted to controls relevant to an audit of a user entity’s financial statements, the SOC 2 and SOC 3 reports have been created to address controls relevant to operations and compliance and will be discussed in further detail in the future.

Please see the SOC 1 Reporting Guide page for additional information.

SSAE 16 is an enhancement to the current standard for Reporting on Controls at a Service Organization, the SAS70. The changes made to the standard will bring your company, and the rest of the companies in the US, up to date with new international service organization reporting standards, the ISAE 3402. The adjustments made from SAS 70 to SSAE 16 will help you and your counterparts in the US compete on an international level; allowing companies around the world to give you their business with complete confidence .

SSAE16 is now effective as of June 15, 2011, and if you have not made the necessary adjustments required, now is the time to find a quality provider to discuss the proper steps. All organizations are now required to issue their Service Auditor Reports under the SSAE 16 standards in an SOC 1 Report.

The soon to be effective, SSAE-18. is expected to follow a similar reporting structure to the SSAE-16 within a SOC 1 report.

Who Needs an SSAE 16 (SOC 1 ) Audit?

If your Company (the Service Organization ) performs outsourced services that affect the financial statements of another Company (the User Organization ), you will more than likely be asked to provide an SSAE16 Type II Report, especially if the User Organization is publicly traded.
Some example industries include:

  • Payroll Processing
  • Loan Servicing
  • Data Center /Co-Location/Network Monitoring Services
  • Software as a Service (SaaS )
  • Medical Claims Processors

What you Need to Know:

Before starting the SSAE 16 process, there are a number of considerations one must take into account that can save considerable time, effort, and money in the long run. Use the following items as a mini checklist for yourself:

  • Does my Company need an SSAE16, or, are we doing it just because someone asked?
  • Reports on the low end can run at least $15,000 a year, will the business lost be less of a burden than the cost of the report itself?
  • Does your company have defined Business Process and IT controls in place, or, will you need assistance developing and implementing them (readiness assessment)?
  • Have you determined the controls in place which affect the outsourced services being provided?
  • Have key stakeholders been defined and included in discussions?

There are many other issues to consider before engaging a CPA firm to help with your SSAE 16, for a more detailed checklist please see The SSAE 16 Checklist

You may have heard SSAE-18 is on the horizon for reports issued as of May 1, 2017. There are some important updates discussed in here: SSAE-18 An Update to SSAE-16 .

As the standard is formalized and the date approaches we will continue to provide more information to help you prepare for these changes.


Average Salary with a Masters in School Counseling – Masters in School Counseling #guidance #counselor #masters


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Average Salary with a Masters in School Counseling

While many states only require a bachelor s degree to begin working in the school counseling field, getting your master s degree is undoubtedly one of the best ways to boost your salary and make you a more attractive candidate if you re currently looking for a job. Though you may need to spend money to pay for this advanced education, even without grants and scholarships, a master s degree in school counseling will pay for itself easily over the course of your career as a counselor .

Annual Compensation

With a master s degree in school counseling, you can expect to earn an average of $50,000 annually. A number of factors determine the exact salary you ll receive with this type of education. Some of these factors include your location, the level of student you counsel, whether you work for a private school or public school, and your experience. You can generally make more money if you live in a city (rather than in a more rural area), work with special-needs or high school students, get a job with a private school, and, of course, gain experience by working in the field over the course of several years. According to the Princeton Review, however, the starting salary you can expect is around $33,000, while experienced school counselors can make salaries approaching six figures.

Benefits for School Counselors

As a school counselor with a master s degree, don t forget that you ll also likely receive offers that include benefits packages. A lower salary might be a better overall deal, when you consider other things, such as paid vacation days, retirement plans, medical and dental benefits, transportation reimbursement, and more. Sometimes, a lucrative benefits package can make up for a lower salary!

Make More Money as a School Counselor

Getting a masters in school counseling is just one of the things you can do to earn more money in this field. Specialization can also give you the opportunity to demand a higher salary, as can a duel masters degree in education, since many smaller schools are looking for counselors who can also help with curriculum development. Go where demand is highest if you want to make a higher salary, and consider getting involved with school activities, as many school districts pay counselors more to organize events such as parent-teacher conferences and open houses.

Top Online Master of School Counseling Degrees

School counselors work in elementary, middle, and high schools to provide academic, college, and personal guidance to students. Previously known as guidance counselors or educational counselors, this profession generally requires a master’s degree in education, school counseling, or similar subject. Some states also require licensing or certification. The following schools offer accredited online degree programs in school counseling or closely related subjects.

An MS in K-12 Educational Leadership from Walden will help you gain the skills, knowledge, and experience to lead student, teachers, and parents to academic success. You will have the power to shape the lives of children that will lead the future. In this program you will be prepared with the leadership skills necessary to reach out to children you that you work with and challenge them to become the best that they can. You will come away from this program ready to enhance the learning opportunities for all students.
Click Here

At Grand Canyon University’s MA in Christian Studies youth ministry specialization, students learn the art of preaching to a younger audience. This online program helps you obtain a future career in the church leadership. Courses include Youth Issues and Crisis, and Mentoring and Counseling Youth.
Click Here


IRS Guidance Explains Rules for Vehicle Donations #auto #paint #supplies


#auto donation
#

IRS Guidance Explains Rules for Vehicle Donations

Notice 2006-1 provides guidance on reporting obligations to donee organizations that receive contributions of qualified vehicles. It instructs the donee on how, where, and when to report to the IRS the information contained in the contemporaneous written acknowledgment that the donee provides to the donor. It supplements the interim guidance issued in Notice 2005-44. discussed below. Notice 2006-1 also notes that Form 1098-C will be revised to elicit the additional information required to be included in a contemporaneous written acknowledgment as a result of technical amendments contained in the Gulf Opportunity Zone Act of 2005. These revisions have since been made.

In Notice 2005-44, the IRS and Treasury explain rules adopted in the American Jobs Creation Act of 2004, which (1) generally limits the deduction to the actual sales prices of the vehicle when sold by the donee charity, and (2) requires donors to get a timely acknowledgment from the charity to claim the deduction.

Donors may claim a deduction of the vehicle’s fair market value under the following circumstances:

The charity makes a significant intervening use of the vehicle, such as using it to deliver meals on wheels.

The charity makes a material improvement to the vehicle, i.e. major repairs that significantly increase its value and not mere painting or cleaning.

The charity donates or sells the vehicle to a needy individual at a significantly below-market price, if the transfer furthers the charitable purpose of helping a poor person in need of a means of transportation.

The Service has revised Form 1098-C. which is used to provide the written acknowledgment. Finally, Notice 2006-1 provides guidance on the new penalties imposed on donee organizations that provide a false or fraudulent acknowledgment of a vehicle donation, or fail to furnish the acknowledgment properly.


3 Ways to Become a School Counselor #elementary #school #guidance #counselor


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How to Become a School Counselor

School counselors provide academic, career, college readiness, and personal/social competencies to children and adolescents in elementary, middle, and high school grades K-12. They are ideally master’s level educators who have coursework in: ethics, helping relationships, counseling theories, group work, multicultural counseling, human development, career and college readiness counseling, assessment, and research as well as at least a 100-hour practicum and a 600-hour internship in K-12 school settings and a state or national certification/license to practice. They are dedicated to helping all students reach their academic, career, college readiness, and personal/social dreams by providing school counseling classroom curriculum lessons and academic, career, college readiness, and personal/social planning for every student annually and group and individual counseling for some students.

Steps Edit

Method One of Three:
Learn About the Role of a School Counselor Edit

Know what the job entails. The role of a school counselor is to help children and adolescents succeed in school by developing their academic, career, college readiness, and personal/social competencies. They encourage all students to pursue their interests and support their learning, college/career, and personal/social needs and skill development. Their responsibilities include:

  • Knowing, affirming, and supporting every student on their caseload including monitoring their academic, career/college readiness, and personal/social competency development through individual planning, school counseling core curriculum lessons, and through advising. They carefully monitor grades, ensure access to the strongest curriculum possible, work to lessen behavioral incidents, increase attendance, lessen tardies, and ensure appropriate supports for academic success and career and college readiness.
  • Ensure every student is taking rigorous classes and getting the credits they need to graduate from school.
  • Talking with every student about possible careers and career paths, the specific skills for college readiness (NOSCA’s 8 College and Career Counseling Components: Aspirations, Academic Planning, Extracurricular Engagement/Enrichment, College/Career Exploration/Selection, College Affordability Planning, Assessments, and Transition from HS to College/Career). You can download these resources and other for free at the NOSCA website online: http://nosca.collegeboard.org .
  • Ensuring all students get the prerequisite courses they need to attend some sort of post-secondary education after graduation including 2 and 4 year colleges and career/tech schools.

Implement and evaluate a school counseling program with four key components:

  • Foundation (mission, vision, goals, ethics), Delivery (school counseling core curriculum lessons, planning, group and individual counseling), Management (administrator agreement, use of data, small group action plans and results reports, school counseling curriculum action plans and results reports, closing achievement/opportunity gap action plans and results reports), School Counseling Program Advisory Council) Accountability (Program Assessment, School Counselor Evaluation) (ASCA Model; Hatch Bowers, 2002; ASCA, 2012)
  • Giving students and other stakeholders specific tools to ensure school safety and put an end to bullying, harassment, and other violence issues that detract from successful learning for all students.
  • Advocacy, Leadership, Culturally Competent Counseling Coordination, Teamwork and Collaboration, Equity Assessment Using Data and Systemic Change with all stakeholders
  • Providing career and college fairs, multicultural awareness assemblies, and health education information sessions.
  • Helping a child or adolescent work toward his or her dreams can be incredibly rewarding, and many students stay in touch with their school counselors after the students graduate. [1]
  • School counselors get summers and holidays off since they work as part of the school system.

Reflect on whether you have the traits of a school counselor. School counselors are passionate about helping every student reach their academic, career, college readiness, and personal/social goals. They spend their days in the classroom delivering lessons, in advising and planning sessions with all students, and group and individual counseling with some students, and team and collaborate with all adult stakeholders using data to ensure that they can demonstrate how all students have improved based on their interventions.

  • School counselors need to be: patient, trustworthy, ethical, able to keep confidentiality and know and share the exceptions to it (danger to self or others, court subpoenas, etc.), comfortable with data and using evidence-based practice, and focused on equity to ensure every student receives academic, career, college readiness, and personal/social competencies.

Student Guidance and Counseling #degree #in #school #counseling, #student #guidance #and #counseling


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Student Guidance and Counseling

If you’re interested in providing students with the support and resources they need to get a good education, you may consider a career in school counseling. To learn more about degree and licensing requirements for guidance and school counselors, read on.

Is Student Guidance and Counseling for Me?

Career Overview

Formal education and training in guidance or school counseling can lead to a position in an elementary or a high school. As an elementary school counselor. you may conduct group sessions to find out how the kids are feeling about school and each other. You may also observe the students during work and play, and talk with parents and teachers about events that took place during your observation, such as special needs or social problems happening in the classroom.

In your position as a high school counselor. you’ll help students transition into college or the workforce. As the emotional and mental issues faced by high school students are different from those of younger children, you may find yourself helping students who are dealing with substance abuse, eating disorders or domestic violence. You might also help them with issues related to romantic relationships, self esteem and depression.

Career Outlook and Salary Information

According to the U.S. Bureau of Labor Statistics (BLS), the number of openings for school counselors was expected to increase by 12% nationwide between 2012 and 2022. In May 2013, the median annual salary for a school counselor was $53,600 as reported by the BLS (www.bls.gov ).

How Can I Work In Student Guidance and Counseling?

Education and Licensing Requirements

Although educational and licensing requirements for school counselors vary by state, completion of a master’s degree program in school counseling and a state-issued certification or license is usually required to obtain a position in a public school. Additional requirements typically include a supervised internship in an actual school setting. Individual states may also require a teaching license or prior experience in the classroom. Undergraduate preparation may include a bachelor’s degree in education.

Master’s Programs

In a Master of Arts in School Counseling program, you may study the social and cultural foundations of behavior, intelligence testing and psychological assessments. You’ll also pursue topics and readings in counseling theory and school psychology; coursework in career counseling may also be part of the curriculum. A master’s degree program usually culminates in a written thesis. It can also help you prepare for admission to a doctoral program in educational counseling.

Required Skills

An ability to gain the trust of students, compassion and a desire to help even the most difficult child are essential to working as a school counselor. You should also be able to function well in stressful school situations and have good interpersonal, listening and speaking skills.

Related Articles for Student Guidance and Counseling

Check the prerequisites for enrolling in a master’s degree program in guidance and counseling, and explore some of the course topics you’d study as a graduate student. Get info about online learning options in the guidance and counseling field.

  • Explore the career requirements for guidance counselors. Get the facts about degree requirements, certification, job outlook and salary to determine if this is the right career for you.
  • Unfortunately associate degree programs in guidance counseling are generally not available; you’ll need to earn a bachelor’s and master’s degree to become a guidance counselor. Read more about the educational requirements, licensing.
  • Guidance counselors help students achieve their goals and realize their potential. Read on to learn about degree and career requirements, including licensure or certification in some states.
  • Find out the prerequisites to entering a Ph.D. Guidance Counseling Degree program and what courses you’ll take. Discover career options and employment outlook for guidance counselors.
  • A Master of Science in Counseling Psychology is a graduate-level degree that is available from a wide range of colleges and universities. This degree prepares students for positions in counseling and research. Learn more about earning a Master of Science in Counseling Psychology here.

    Individuals with a master’s degree in community counseling can obtain Professional Counselor/Professional Clinical Counselor licensure and may go on to work as clinicians in a variety of community mental health establishments, including mental health clinics, counseling centers, hospitals, and private practices. Students in the community counseling master’s degree program will complete coursework covering relevant topics such as human development, multicultural issues, group and individual counseling procedures, theories of counseling, and specialized clinical skills.


  • IRS Guidance Explains Rules for Vehicle Donations #auto #lease


    #auto donation
    #

    IRS Guidance Explains Rules for Vehicle Donations

    Notice 2006-1 provides guidance on reporting obligations to donee organizations that receive contributions of qualified vehicles. It instructs the donee on how, where, and when to report to the IRS the information contained in the contemporaneous written acknowledgment that the donee provides to the donor. It supplements the interim guidance issued in Notice 2005-44. discussed below. Notice 2006-1 also notes that Form 1098-C will be revised to elicit the additional information required to be included in a contemporaneous written acknowledgment as a result of technical amendments contained in the Gulf Opportunity Zone Act of 2005. These revisions have since been made.

    In Notice 2005-44, the IRS and Treasury explain rules adopted in the American Jobs Creation Act of 2004, which (1) generally limits the deduction to the actual sales prices of the vehicle when sold by the donee charity, and (2) requires donors to get a timely acknowledgment from the charity to claim the deduction.

    Donors may claim a deduction of the vehicle’s fair market value under the following circumstances:

    The charity makes a significant intervening use of the vehicle, such as using it to deliver meals on wheels.

    The charity makes a material improvement to the vehicle, i.e. major repairs that significantly increase its value and not mere painting or cleaning.

    The charity donates or sells the vehicle to a needy individual at a significantly below-market price, if the transfer furthers the charitable purpose of helping a poor person in need of a means of transportation.

    The Service has revised Form 1098-C. which is used to provide the written acknowledgment. Finally, Notice 2006-1 provides guidance on the new penalties imposed on donee organizations that provide a false or fraudulent acknowledgment of a vehicle donation, or fail to furnish the acknowledgment properly.