Tax Exempt Organizations
If the IRS wishes to no longer require tax-exempt organizations to report information about their substantial financial donors, it must follow a proper notice-and-comment process.
This item addresses key issues concerning old and new tax rules related to tax-exempt trusts, including most pension funds.
This item reviews how regulations, case law, and IRS guidance address the issue of whether supporting organizations can make grants to other public charities that are not their supported organizations.
The IRS issued guidance outlining how to determine the amount of parking expense that is nondeductible under Sec. 274(a)(4) when employers provide parking for their employees.
The IRS issued guidance outlining how to determine the amount of parking expense that is nondeductible under Sec. 274(a)(4) when employers provide parking for their employees.
Notice 2018-67 provides interim and transition rules for aggregating qualifying partnership interests.
EDCs should be aware of both the regulatory foundation for an exemption and the various IRS authorities on EDCs.
News IRS procedures eliminate the requirement for many exempt organizations to list certain substantial donors’ names and addresses on some forms.
Tax-exempt organizations and state taxing authorities may not yet have had time to consider how the federal changes may affect each other.
The IRS issued new procedures for contributions to charitable organizations, including rules for when donors can rely on the information about an organization’s tax-exempt status on the IRS database Tax Exempt Organization Search.
The TCJA added new Sec. 4960, which imposes an excise tax on tax-exempt organizations that pay excessive compensation.
A potential side effect of fewer taxpayers itemizing their deductions is that these taxpayers may choose to reduce or eliminate charitable contributions.
The 2018 revision to Form 1023-EZ includes a new
requirement that organizations describe to the IRS their mission or most significant activities.
The streamlined application for tax-exempt status will ask organizations to describe their mission and activities for the first time.
This article describes the requirements for an organization to meet Sec. 115(1).
Proposed regulations could present tax-saving opportunities for qualified organizations that invest in partnerships.
Sec. 501(c)(3) organizations that engage in fee-for-service activities need to consider whether a given activity furthers or is “substantially related” to an exempt purpose.
Examiners in the IRS Tax Exempt and Government Entities Division have new procedures.
The IRS announces new Form 990-EZ with help icons to assist organizations with accurate filing .
The IRS issued new safe-harbor procedures under
which a management contract does not result in private business use of property financed with governmental tax-exempt bonds.
Qualified business income deduction regs. and other guidance issued