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Tax Exempt Organizations Required Filings
Although they are exempt from income taxation, exempt organizations are generally required to file annual returns of their income and expenses with the Internal Revenue Service. Small tax-exempt organizations with gross receipts under a certain threshold may be...
IRS’ Tax Exempt Organization Search Tool
The IRS' Tax Exempt Organization Search helps users find information about a tax-exempt organization’s federal tax status and filings. You can find: Organizations eligible to receive tax-deductible charitable contributions (Pub 78 data). Users may rely on this list in...
Criminals Test Stolen Credit-Card Numbers on Charity Websites
The Chronicle of Philanthropy: Â "Criminals are using poorly protected charity websites to test the validity of stolen credit-card numbers, cybersecurity experts said this week, costing some groups thousands of dollars. Simplified online donation pages make it easy for...
First Church of Cannabis Gets 501(c)(3) Tax Exemption from IRS
USA Today: "Emotions appeared to be sky high at the newly formed First Church of Cannabis after the Internal Revenue Service granted it nonprofit status. The designation means donors can deduct gifts to the church on their federal tax returns if they itemize and the...
IRS Seeks to Define Political Activity for Nonprofits
New York Times:Â "The Internal Revenue Service could issue as early as next month new draft regulations governing political activity by tax-exempt organizations, according to a notice issued on Thursday. But it remains unlikely that the new rules would be in place...
Tucson Nonprofit Helps People with HIV or AIDS
Tucson News Now: "In Tucson a new organization has formed to serve women with HIV and AIDS. The nonprofit PowerSource Tucson, Inc. says it's the only group of its kind in Arizona. . . . PowerSource Tucson says the stigma surrounding the disease means women tend to...
4 Cancer Charities Are Accused of Fraud
New York Times: "There were subscriptions to dating websites, meals at Hooters and purchases at Victoria’s Secret — not to mention jet ski joy rides and couples’ cruises to the Caribbean. All of it was paid for with the nearly $200 million donated to cancer...
Tips from IRS for Year-End Gifts to Charity
The Internal Revenue Service today reminds individuals and businesses making year-end gifts to charity that several important tax law provisions have taken effect in recent years. Some of the changes taxpayers should keep in mind include: Rules for Charitable...
IRS Announces New Form 1023-EZ that Simplifies Exemption Applications
The following is the text of a July 1, 2014, IRS press release: The Internal Revenue Service today introduced a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily. “This is a common-sense approach that will help...