IRS Releases Guidance for 501(c)(3) OrganizationsC. Baird Brown
Believe it or not, the IRS has charitable donation limit maximums. And, for those who are charitable, there can be large tax implications to understanding these rules. While reaching the maximum donation limit may not seem like something you’d ever encounter, it would be wise to not complet...
501(c)(3) Hospitals: Proposed IRS Rules under § 9007 of the Affordable Care Act The Affordable Care Act (搂 9007) created several additional requirements for organizations thatoperate one or more hospital facilities seeking to maintain or achieve 501(c)(3) tax-exempt status. Specifically, curr...
Bylaws or other rules of operation Federal EIN A credit or debit card for payment How Long Will It Take? On average, the IRS is currently processing Form 1023-EZ in 2-4 weeks. If your 501(c)(3) application is approved, you will receive a Determination Letter in the mail as confirmatio...
IRS Ponders New Rules for Tax Credits and 501(C)(3) OrganizationsScott E. FireisonSheldon L. Schreiberg