Thursday, July 17, 2014

Michael Alao ’14 Awarded NKBA Foundation NAACP Diversity Scholarship

Michael Alao ’14 Awarded NKBA Foundation NAACP Diversity Scholarship

Michael Alao
Michael Alao, far left
Graduating NKU Chase law student Michael Alao was awarded the Northern Kentucky Bar Foundation NAACP Diversity Scholarship on Thursday, April 24, 2014 at the 12th annual Northern Kentucky Branch NAACP Lawyers Luncheon. Each year, the organization awards a bar exam study scholarship to one student from Chase, and one student from the University of Cincinnati College of Law.  The organization also supports diversity initiatives by providing an opportunity for students to interact with professionals in the legal community through internships, mentorship, and scholarship. Justice Michelle M. Keller ’90 was the keynote speaker at this year’s luncheon.

Michael enrolled at Chase after graduating from Xavier University with an MBA in 2011. He is a licensed Certified Public Accountant in Ohio and Virginia, and holds the Certified Internal Auditor and Certified Fraud Examiner designations. After graduating from Virginia Commonwealth University with a Bachelor of Science degree in accounting in 1999, Michael worked in both the public and private sectors. During his career, he completed audit assignments in various locations throughout Europe, Asia, and the United States. Michael served as the chief internal audit executive for the Cincinnati Public School District from 2009 through 2012. He is fluent in German.
Congratulations, Michael.

Sunday, March 30, 2014

CPUBoss

Great website to easily compare cpu benchmarks. Even compares annual energy costs!



CPUBoss

Saturday, March 08, 2014

Do Nonprofits Issue 1099?

Did a google search for "who must file 1099."

One link says that you only have to file if engaged in business or trade for profit, so maybe nonprofits don't have to file. But if the purpose is to prevent people from underreporting income, why exclude non-profits?


Second google search for "do nonprofits issue 1099." Please note that Google pre-populates when typing in a search query. I started typing "do nonprofits" and then Google provide the rest from a list of items to select. The beauty of Google is that if you have a question, hundreds if not thousands before you have asked the same question. One of the top hits is an IRS.gov page:


To quote: " However, nonprofit organizations are considered to be engaged in a trade or business and are subject to these reporting requirements. Other organizations subject to these reporting requirements include trusts of qualified pension or profit-sharing plans of employers, certain organizations exempt from tax under section 501(c) or (d), farmers' cooperatives that are exempt from tax under section 521, and widely held fixed investment trusts. Payments by federal, state, or local government agencies are also reportable."

In summary, yes, nonprofits must issue form 1099.