The Valley Current®: How to Handle IRS Audits of Nonprofit Entities
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
Release Date: 08/27/2026
THE VALLEY CURRENT®️ COMPUTERLAW GROUP LLP
New York has no statewide vexatious-litigant blacklist, yet it processes millions of cases while confronting everything from panicked tenants to determined serial filers. How does the system keep its doors open without letting abuse consume the courts? Host Jack Russo examines New York’s distinctly flexible answer: Part 130 sanctions, judge-crafted filing injunctions, and electronic gatekeeping rather than California-style statutory barriers. But the deeper twist is philosophical. New York increasingly treats mass self-representation not simply as misconduct to punish, but as an...
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California built one of the nation’s toughest systems for stopping abusive self-represented litigants, but it deliberately left one courthouse door far less guarded. In this installment of The Valley Current®, host Jack Russo examines California’s “pro per” rules and the striking divide between civil litigation and cases involving criminal defendants and habeas petitions. On the civil side, vexatious litigants can face security requirements, a statewide blacklist, and pre-filing restrictions designed to protect courts, businesses, and defendants from litigation by attrition. Yet...
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In federal court, filing without a lawyer does not mean filing without consequences. But those consequences change dramatically depending on which courthouse door you enter. Host Jack Russo examines the sharp divide between civil cases, where Rule 11 can expose pro se litigants to fines and crushing attorney fees, and criminal or post-conviction proceedings, where courts rely instead on procedural barriers and “soft sanctions.” The contrast comes into focus through a 2026 Ghislaine Maxwell ruling, where a federal judge confronted filings he characterized as frivolous and fictitious, yet...
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Meta entered the courtroom facing staggering financial exposure. By the end of Round 1, the plaintiffs had drawn first blood. In this episode of The Valley Current®, host Jack Russo examines how a coalition of state Attorneys General opened its case with hard numbers, damaging internal communications, and a deceptively simple theory: “hook, hold, harvest, hide.” Then came whistleblower Arturo Béjar, whose testimony and Meta’s own BEEF survey threatened to widen the gap between what the company said publicly and what its internal research revealed about teens’ experiences. Meta has...
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Meta faces a legal problem most companies never encounter: What happens when settling may be financially impossible, but losing could be catastrophic? In an Oakland federal courtroom, state attorneys general are accusing Meta of addictive product design, child privacy violations, and concealing what it knew about the risks to young users. With theoretical exposure reaching $1.4 trillion, this is no ordinary Big Tech lawsuit. Host Jack Russo examines the unusual advisory jury, explosive internal evidence, and the financial constraints that may have left Meta with no practical choice but to go...
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How far would you go to live longer, and at what point does the pursuit itself become part of the risk? Entrepreneur Bryan Johnson has spent millions turning his own body into one of the world’s most closely monitored longevity experiments, embracing extreme measurement, supplementation, and medical intervention in a highly engineered war on aging. But what happens when even that level of control runs up against the unpredictability of human biology? In this episode of The Valley Current®, host Jack Russo explores the increasingly lucrative world of biohacking and the provocative science...
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The IRS may be auditing fewer nonprofits, but when it chooses a target, the odds are increasingly stacked in its favor. With data models now driving much of the selection process, an innocent-looking Form 990 can become a roadmap to an organization’s weakest points. In this episode of The Valley Current®, host Jack Russo examines what lawyers, founders, executives, and nonprofit boards need to know before an audit letter ever arrives. Jack explores how compensation decisions, donor receipts, board minutes, and even missed filing deadlines can create years of hidden exposure. More...
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America’s military may be unmatched, but its ammunition supply tells a far more unsettling story. The 2026 Iran conflict burned through critical missile stockpiles at a pace the defense industry cannot quickly replace, creating a window of vulnerability that could stretch into the next decade. In this episode of The Valley Current®, host Jack Russo examines the dangerous arithmetic behind American deterrence. What happens if China, Russia, or North Korea decides to test U.S. resolve while the magazines are still being refilled? And if conventional options disappear, does the nuclear option...
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Couples can spend years planning the wedding, yet barely consider the financial contract that begins the moment they say “I do.” And here’s the catch: there is no such thing as having no agreement. If you don’t write your own, the state effectively writes one for you. In this episode of The Valley Current®, host Jack Russo explores the legal minefield of prenuptial agreements across 50 states, Washington, D.C., and Puerto Rico, where crossing a border can dramatically change the rules. Jack examines what can make these agreements hold up or fall apart, from financial disclosure and...
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A nuclear threat. 150,000 drones. And two nuclear powers testing just how far the other is willing to go. In this episode of The Valley Current®, host Jack Russo examines the dangerous standoff between Russia and Britain through the unforgiving logic of game theory. Moscow warns of devastating consequences if Britain continues supplying Ukraine, while London refuses to blink. But after years of Russian red lines being crossed without the threatened retaliation, are these warnings credible, or has nuclear rhetoric become strategic “cheap talk”? The answer may be more unsettling than the...
info_outlineThe IRS may be auditing fewer nonprofits, but when it chooses a target, the odds are increasingly stacked in its favor. With data models now driving much of the selection process, an innocent-looking Form 990 can become a roadmap to an organization’s weakest points. In this episode of The Valley Current®, host Jack Russo examines what lawyers, founders, executives, and nonprofit boards need to know before an audit letter ever arrives. Jack explores how compensation decisions, donor receipts, board minutes, and even missed filing deadlines can create years of hidden exposure. More importantly, what happens when a routine civil audit stops being routine? An examiner who uncovers signs of fraud can quietly refer the case for criminal investigation without warning the organization. When the IRS comes knocking, your best defense may be the record you built years before.
Jack Russo
Managing Partner
https://www.linkedin.com/in/jackrusso
"Every Entrepreneur Imagines a Better World"®️