A number of high-profile tax issues attracting the attention of the Internal Revenue Service, the Congress and the media over the last couple of years have involved exempt organizations. In the IRS’s ...
Tax season isn't over just yet. Tax-exempt organizations with a calendar year-end (December 31) must file a return or request an extension by May 15, 2023. The annual filing due date for the Form ...
When you receive care at a non-profit hospital, you might assume that institution operates as a true charity—foregoing taxes in ...
While tax season is over for many taxpayers (except those of us still on extension), tax-exempt organizations still have to file. The filing deadline for many tax-exempt organizations is May 15, 2024.
Federal income tax applies to most people who earn income in the U.S., but the tax code includes limited exceptions. Whether ...
Note: Section 501(c)(20), which was formerly used to classify legal-service organizations, has been abolished. 1. Includes cases in which organizations withdrew the applications or failed to furnish ...
To be eligible for the employee retention credit (ERC), a tax-exempt organization must apply a reasonable, good-faith interpretation of the controlled-group rules under Sec. 52, and that ...
Tax-exempt means not being required to pay taxes on certain types of income. Individuals can qualify for tax exemptions. Entire organizations can be completely tax-exempt. Tax-exempt does not mean you ...