IRS Releases Guidance for 501(c)(3) OrganizationsC. Baird Brown
No. The IRS only allows you to deduct donations from your taxable income if the donation was made to a qualifiedtax-exempt organization. 501(c)(3) organizations are included, but other types of orgs are as well. Make sure you do your research to determine if the organization you would l...
Currently, “social welfare” organizations, which fall under the 501(c)4 classification, are allowed to spend unlimited sums of money on politics as long as politics isn’t their main focus. These tax-exempt organizations are not required to disclose their donors -- so after the Citizens Unit...
Some analysts believe the open corruption can be traced back to Lois Lerner and the IRS scandal, in which she clearly stonewalled conservative organizations from getting tax status. When she was found to be in contempt of Congress, the Obama Justice Department spent two years ignoring the congres...
Posted inFlat Tax,IRS,Tax Compliance,Tax Reform,Taxation, taggedFlat Tax,Internal Revenue Service,Tax Compliance,Tax Reform,Taxationon January 13, 2023|5 Comments » I’mnot a big fanof the Internal Revenue Service, but our awful (andanti-growth) tax system ismostly the fault of politicians...
IRS proposes curbing political activities of Sec. 501(c)(4) social welfare organizations 来自 journalofaccountancy.com 喜欢 0 阅读量: 9 年份: 2010 收藏 引用 批量引用 报错 分享 全部来源 求助全文 journalofaccountancy.com 相似文献The rising potential of competitive solar desalination Recent advances...
The Internal Revenue Service has released results of two completed Employee Plans Compliance Unit (EPCU) projects and announced a new project. The EPCU Ineligible Employer-403(b) Plans Project was designed to educate Internal Revenue Code (IRC) Section 501(c)(3) organizations whose tax-exempt sta...
来自 Semantic Scholar 喜欢 0 阅读量: 5 作者: DB Tobin 摘要: To the Editor: The IRS announced last month that it was examining its position with regard to the application of gift tax on donations to 501(c)(4) Social Welfare organizations. While the decision by the IRS is practical and ...
The IRS released a draft of the2018 1040 tax formbased on the Tax Cuts and Jobs Act. The shorter form is half the size of the current 1040 form and combines all three current 1040 forms (1040, 1040-A, and 1040-EZ) into one 1040 form. This new 1040 Form uses a “building block”...
501(c)(3) organizations don't have disadvantages per se rather than specific qualities that are characteristic of such an organization that may not be ideal. These include the initial costs to get started and the ongoing cost to continue, such as applying for and maintaining tax-exempt status;...