- Public charity rules and regulations
- Private foundation rules and regulations
- Advice regarding private inurement and excess benefit
- Hospital corporate and tax matters
- Healthcare conversion foundations
- Unrelated business income
- Lobbying and political activity
- Executive Compensation
- Taxable Subsidiaries
- Public charity rules and regulations
- Private foundation rules and regulations
- Advice regarding private inurement and excess benefit
- Hospital corporate and tax matters
- Healthcare conversion foundations
- Unrelated business income
- Lobbying and political activity
- Executive Compensation
- Taxable Subsidiaries
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FEATURED BLOG POSTS
- Public Inspection – Exempt Organization Tax Records
Tax-exempt organizations must allow timely public inspection of their last three annual information returns and their exemption application or risk steep penalties. Many nonprofits are caught off guard when they receive their first request. Below is a summary of what must be provided and when and what may be withheld.
- Tax-Exempt Political Organizations
Generally, organizations which are exempt from taxation are listed in § 501(c) of the Internal Revenue Code (“I.R.C.”). Instead, political organizations are governed under I.R.C. § 527. 501(c) organizations are exempt from income tax for various public policy reasons, such as helping to improve lives, strengthening communities and the economy, and lightening the burdens of government. To incentivize social good, the government subsidizes 501(c) organizations by eliminating their tax burden. Conversely, political organizations organized under § 527 do not provide charitable services or improve social welfare. Rather, their sole function is to influence the election of candidates for public office.
- Who Investigates Non-Profit Organizations?
So who investigates non-profit organizations? Unlike for-profit organizations where the management is the responsibility of the owners of the corporation, the responsibility to investigate, audit, and exercise complete oversight of nonprofit organizations lies with the IRS and State government. The state government grants the nonprofit status of an organization and ensures that the nonprofit organization … Who Investigates Non-Profit Organizations? Read More »
