September 7, 2012

Church May Have Violated IRC By Endorsing Romney For President

St. Raphael Catholic Church of El Paso Texas appears to have violated the IRC by endorsing Mitt Romney in its bulletin.  “I am asking all of […]
August 21, 2012

Tax Tips For Charitable Giving

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 […]
August 6, 2012

IRS Rules That Donations To Single Member LLCs Wholly-Owned By Charities Are Deductible

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 […]
June 28, 2012

IRS Denial Of Tax Exempt Status To Political Group May Be Cause For Other Groups’ Concern

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 […]
June 18, 2012

GOP Lawmakers Send Letter To IRS Demanding Justification For Donor Name Requests

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 […]
June 8, 2012

IRS Denial Of Tax Exempt Status To Political Group May Be Cause For Other Groups’ Concern

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 […]
November 18, 2011

IRS Scrutinizes Universities For Unrelated Business Taxable Income

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 […]
November 16, 2011

Tax Tips For Charitable Giving

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 […]
September 29, 2011

IRS Called Upon To Investigate Political Groups

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 […]
September 13, 2011

The Difference Between Nonprofit And Tax-Exempt Status

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 […]
July 7, 2011

IRS Video – How To Reacquire Tax-Exempt Status

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 […]
June 16, 2011

IRS Announces That 275,000 Organizations Have Lost Their Tax-Exempt Status

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 […]