Contributing money and property to a charitable organization is one of the ways that a taxpayer can support a charitable cause while simultaneously reducing their income […]
The IRS has issued a new notice which offers guidance regarding the deductibility of contributions made to a single member LLC that is wholly-owned by a […]
A recent decision by the IRS to revoke the tax-exempt status of Emerge America, a small political nonprofit organization, may concern larger groups, such as Crossroads GPS and Priorities USA, that […]
It seems as if the ongoing saga between the IRS and political action committees (PACs) took another turn today as eleven Republican senators who serve on […]
A recent decision by the IRS to revoke the tax-exempt status of Emerge America, a small political nonprofit organization, may concern larger groups, such as Crossroads GPS and Priorities USA, that […]
The IRS has recently begun scrutinizing several universities, including Notre Dame, Purdue, the University of Texas at Austin, Texas A&M, the University of North Carolina, the […]
The holiday season is upon us, and for many people that means charitable giving. As a reward for their kind gesture, the philanthropically inclined can look […]
Two campaign finance reform advocates have asked the IRS to investigate the special tax status claimed by four tax-exempt organizations that are expected to play a […]
Many times we come across individuals who feel that a “nonprofit” and “tax-exempt” entity are the same thing. However, this is not the case and there […]
Recently we published a post detailing the IRS’ announcement that approximately 275,000 organizations have lost their tax exempt status for failure to file legally required annual reports for three […]
The IRS has announced that approximately 275,000 charitable organizations have automatically lost their tax-exempt status because they did not file legally required annual reports for three […]