exempt organizations

Tax

Tax-Exempt Groups Owe Millions in Tax Debt: Report

More than 64,200 tax-exempt organizations owed nearly $875 million in back taxes to the federal government, 69 percent of which were payroll taxes and related penalties and interest, as of June 16, 2012, according to a TIGTA report released on Wednesday.
Tax

IRS Chief: Criticism of New Form 1023-EZ Is ‘Wrong’

In an interview last week with Tax Analysts, IRS Commissioner John Koskinen said critics of a new form intended to speed small charities through the application process for tax-exempt status are “wrong for several reasons.”
Tax

IRS Shortens Form for Small Nonprofits Seeking Tax Exemption

A new form introduced by the IRS on Tuesday, Form 1023-EZ, is expected to help speed up the approval process for small charities and nonprofit groups that have applied for 501(c)(3) tax-exempt status.
Tax

IRS Simplifies Tax-Exempt Applications for Small Nonprofits

As investigations continue into the "Tea Party scandal" involving applications for tax-exempt status, the IRS is releasing a new, simpler Form 1023-EZ.
Tax

Single Out Charitable Volunteers for Tax Breaks

Do some of your clients serve on the boards of private foundations or work in the trenches for public charities? Volunteers are entitled to deduct their unreimbursed expenses incurred on behalf of qualified charitable organizations.

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