May 17, 2022
For most charity fundraisers, donor advised funds (DAF's) are a useful tool for attracting gifts, not a problem in need of more regulation.
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For most charity fundraisers, donor advised funds (DAF's) are a useful tool for attracting gifts, not a problem in need of more regulation.
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May 1, 2022
Reminder: May 16 tax deadline includes Form 990-series returns and notices for many tax-exempt organizations.
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Reminder: May 16 tax deadline includes Form 990-series returns and notices for many tax-exempt organizations.
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December 28, 2021
At a time when many charitable groups are struggling during the pandemic, the IRS highlights a new provision that allows more people to deduct donations made by 12/31 to qualifying charities on their 2021 federal income tax return.
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At a time when many charitable groups are struggling during the pandemic, the IRS highlights a new provision that allows more people to deduct donations made by 12/31 to qualifying charities on their 2021 federal income tax return.
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December 1, 2021
Yesterday marked the ninth annual GivingTuesday. In a year of great need, supporters broke giving records during the global day of generosity. Donors gave an estimated $808 million online and $2.47 billion over all, according to the nonprofit that coordinates the day of giving.
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Yesterday marked the ninth annual GivingTuesday. In a year of great need, supporters broke giving records during the global day of generosity. Donors gave an estimated $808 million online and $2.47 billion over all, according to the nonprofit that coordinates the day of giving.
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July 7, 2021
IRS Tax Tip 2021-97,
Organizations that want to apply for recognition of tax-exempt status under Section 501(c)(3) of the tax code use a Form 1023-series application.
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IRS Tax Tip 2021-97,
Organizations that want to apply for recognition of tax-exempt status under Section 501(c)(3) of the tax code use a Form 1023-series application.
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June 15, 2021
Use the Tax Exempt Organization Search Tool to check if a non-profit is eligible to receive tax-deductible charitable contributions.
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Use the Tax Exempt Organization Search Tool to check if a non-profit is eligible to receive tax-deductible charitable contributions.
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March 1, 2021
Publication 4221 PF presents general compliance guidelines for recordkeeping, reporting, and disclosure requirements that apply to organizations that have tax-exempt status from federal income tax under section 501(c)(3) of the Internal Revenue Code and private foundations.
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Publication 4221 PF presents general compliance guidelines for recordkeeping, reporting, and disclosure requirements that apply to organizations that have tax-exempt status from federal income tax under section 501(c)(3) of the Internal Revenue Code and private foundations.
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Jan 6, 2021
Looking for new ways to help out in your community? Watch this IRS video to find out how you can help people with low to moderate incomes file their tax returns.
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WATCH VIDEO....
Looking for new ways to help out in your community? Watch this IRS video to find out how you can help people with low to moderate incomes file their tax returns.
READ MORE....
WATCH VIDEO....
November 12, 2020
As you make charitable donations this holiday season, remember to verify that the charity is legitimate. The IRS has a tool to help you research an organization's tax exempt status.
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As you make charitable donations this holiday season, remember to verify that the charity is legitimate. The IRS has a tool to help you research an organization's tax exempt status.
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November 12, 2020
COVID Tax Tip 2020-153,
Here’s how the CARES Act changes deducting charitable contributions made in 2020.
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COVID Tax Tip 2020-153,
Here’s how the CARES Act changes deducting charitable contributions made in 2020.
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August 9, 2020
Individuals and corporations can now carry over to the next year charitable contributions that exceed the AGI limitation. The contribution must be all of these:
• Cash
• Made to a qualifying organization
• Made during calendar year 2020
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Individuals and corporations can now carry over to the next year charitable contributions that exceed the AGI limitation. The contribution must be all of these:
• Cash
• Made to a qualifying organization
• Made during calendar year 2020
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April 23, 2020
IR-2020-78,
WASHINGTON — The Treasury Department and Internal Revenue Service today issued proposed regulations under the Tax Cuts and Jobs Act (TCJA) that provide guidance for tax-exempt organizations that are subject to the unrelated business income tax with more than one unrelated trade or business on how to calculate their unrelated business taxable income (UBTI).
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IR-2020-78,
WASHINGTON — The Treasury Department and Internal Revenue Service today issued proposed regulations under the Tax Cuts and Jobs Act (TCJA) that provide guidance for tax-exempt organizations that are subject to the unrelated business income tax with more than one unrelated trade or business on how to calculate their unrelated business taxable income (UBTI).
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