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 ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession for more than 13 years, working with individuals and a ...

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 ...

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 ...

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 ...

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 ...

Failure to do so could result in their tax-exempt status being revoked, which will affect their ability to offer 403(b) plans. The Internal Revenue Service (IRS) issued a reminder for certain ...

As a specialist in the not-for-profit industry, I found “Selecting the Right Charity ( JofA, Sept.00, page 19) most interesting. However, there are two issues mentioned I would like to address. The ...

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 ...