Sec. 6652(c)(1) imposes a penalty on any tax-exempt organization for failure to file a tax return or failure to include complete or correct information on the tax return. For organizations with gross ...

The IRS reminds Form 990-T Corporate Filers of new tax law provisions that could affect the tax rate applicable to their UBTI. Specifically, fiscal 2017 corporate filers should apply a blended rate to ...

Lansing, Mich. (WLNS) — Amid the Black Lives Matter movement, more people have been launching GoFundMe campaigns and journalists at local and national levels have been posting lists of Black ...

Tax-exempt organizations often provide deferred compensation to their officers, key employees, and most highly compensated employees. Like current compensation payable to such employees, deferred ...

ROCK HILL, SC / ACCESSWIRE / May 1, 2023 / May 15th is a major deadline for nonprofit organizations that must file 990 series tax returns. Tax 990, formerly ExpressTaxExempt, makes it possible for all ...

The redesigned Form 990, Return of Organization Exempt From Income Tax, has been the subject of much discussion since the IRS released it in 2007. As the exempt sector and practitioners have been ...

Tax-exempt organizations that operate in the State of California also have an additional filing requirement. The California Franchise Tax Board (FTB) requires organizations with annual gross receipts ...

To achieve their goals, philanthropic families and businesses seek to partner with nonprofits that can demonstrate operational sustainability and effectiveness over the long term. For those making ...

University of Dayton provides funding as a member of The Conversation US. Most tax-exempt nonprofits must file a 990 form with the Internal Revenue Service every year, typically in mid-May. The 990 is ...

Reverend Frank B Jones is taking aim at the lack of financial transparency in churches. He has started a petition drive to require churches to play by the same rules as other not-for-profits and file ...