- 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
- Don’t Forget to File Form 990
Nonprofits that fail to file Form 990 for 3 years in a row will receive an automatic loss of tax-exempt status. The deadline is May 15th.
- For-Profit Subsidiary – When to Form One
Sometimes it is necessary for a nonprofit to form a for-profit subsidiary. Knowing how to do this can help avoid losing your tax-exemption.
- Corporate Charitable Deductions for Disaster Relief
Normally, corporations can only deduct charitable contributions up to an amount that equals 10 percent or less of their taxable income in the given tax year. Under the CARES Act, this limitation was bumped to 25 percent of taxable income. More recently, the December 2020 Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA) temporarily upped the limit for corporate charitable contribution deductions to 100% for qualified disaster relief contributions. The IRS has released additional guidance for corporations considering using the deduction. Here’s what you need to know.
