Many tax-exempt organizations no longer need to list donor information
Change does not apply to 501(c)(3)organizations.
Tax exempt organizations
Tax Court again denies microcaptive insurance arrangement
A second taxpayer's captive fails to qualify as an insurance company.
Many tax-exempt organizations no longer need to list donor information
News IRS procedures eliminate the requirement for many exempt organizations to list certain substantial donors’ names and addresses on some forms.
Charitable contribution deduction denied for conservation easement
The taxpayer expected a substantial benefit from the donation, the court holds.
Gravel mining income not exempt under Native American treaties
The Tax Court holds that the treaty provisions apply to tribes, not individuals.
Charitable contribution procedures updated
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.
CEO of tax-exempt organization hit with excess benefit taxes
The Association for Honest Attorneys' founder used the organization's bank account for personal expenses and cash.
Form 1023-EZ will ask applicants for mission and activities
The streamlined application for tax-exempt status will ask organizations to describe their mission and activities for the first time.
Social club is liable for taxes on UBTI
The Tax Court rejects the taxpayer's argued profit motive and disallows losses related to nonmember services.
What does it mean to be transparent?
The goal of transparency is to establish and maintain the trust of the organization’s key stakeholders.
New Form 990-EZ has help icons to aid exempt organizations in filing
The IRS announces new Form 990-EZ with help icons to assist organizations with accurate filing.
Telling the not-for-profit story through Form 990
Form 990, which is publicly available, provides an opportunity to attract donors and appeal to other stakeholders by compellingly describing an organization’s purpose and accomplishments.
IRS implements new Sec. 501(c)(4) notice requirement
Form 8976 notifying of intent to operate must be filed within 60 days of an organization's formation.
IRS implements new Sec. 501(c)(4) registration requirement
Social welfare benefit organizations are now required to notify the Internal Revenue Service of their formation and intent to operate under Sec. 501(c)(4).
IRS withdraws controversial charitable donation information-reporting rules
After receiving tens of thousands of negative comment letters, the Service makes an about-face.
Exempt organizations’ applications do not contain protected return information
A federal appeals court ordered the IRS to comply with a lower court’s order that it hand over the names of organizations that had been on its “Be on the lookout” list when it was mishandling applications for tax-exempt status.
What to do when a client wants to give an LLC or limited partnership unit to charity
Many charitable organizations will not accept a gift of an LLC or limited partnership units because the entity’s business is not part of their charitable mission.
Form 1023-EZ: First-year results are in
A year after introducing a streamlined application process for tax-exempt organizations, the IRS reports on customer satisfaction and what worked and what didn’t.
Notice postpones Sec. 501(c)(4) social welfare organization requirements
A new notice requirement recently enacted by Congress in the wake of the scandal regarding the IRS’s handling of Sec. 501(c)(4) applications will not be implemented immediately, the IRS announced.
Controversial charitable donation rules withdrawn
The IRS announced that it is withdrawing proposed regulations released last September that would have allowed charities to file information returns with the IRS and donors instead of providing contemporaneous written acknowledgments of charitable donations.
