President Biden has proposed in his fiscal year 2023 budget to clamp down on the ability of private foundations to…
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Tax-Exempt Status and Compliance
TE/GE Outlines Priority Issues for FY 2022
The TE/GE operating division of the IRS earlier this month released its Fiscal Year 2022 program letter, which outlines priorities…
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IRS Posts Procedure for Reporting Tax-Exempt Organization Concerns
The IRS has posted on its website the procedure for submitting complaints about a tax-exempt organization that may not be…
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Supreme Court Strikes Down California Donor Disclosure Law
The Supreme Court in Americans for Prosperity v. Bonita struck down a California law that required nonprofits registered in the…
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New IRS Compliance Initiative Targets Exempts’ Worker Classifications
The IRS announced last week that the Tax Exempt and Governmental Entities Division will be targeting inappropriate worker classifications in…
READ MORE IRS Provides Interim Guidance for 501(c)(4) Notice Requirement
The IRS has provided interim guidance on potential penalties for 501(c)(4) organizations that fail to timely file Form 8976, which…
READ MORE Qualified Disaster Relief Contributions Deadline Nears
The IRS reminded corporate taxpayers this week that a February 25, 2021 deadline is approaching for taking a deduction for…
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Final Executive Comp Regulations Provide Helpful Exceptions for Related Organizations
The IRS has finalized regulations under Section 4960 of the Internal Revenue Code, which impose an excise tax on applicable…
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Update on Mandatory E-Filing for Exempt Organizations
The Taxpayer First Act of 2019 amended Section 6033(n) to require most exempt organizations to e-file their returns and related…
READ MORE IRS Releases Priority Guidance Plan
The IRS recently released its Priority Guidance Plan for the 2020-2021 fiscal year, which ends June 30, 2021. The list…
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