The due date for many tax-exempt and charitable organizations is the 15th day of the 5th month after the end of the accounting year. For an organization with a December 31 year-end, that’s May 15.
The Internal Revenue Service plans to contact hundreds of charities this summer to ask them to justify the salaries they pay executives and board members, according to Steven T. Miller, commissioner ...
The Internal Revenue Service has declared illegal a tax scheme under which charities and other tax-exempt groups helped companies avoid taxes through fraudulent charitable donations. At the same time, ...
Want even bigger tax savings from your donations to charity? Don't let your financial advisor skip telling your abou the QCD ...
A top official of the Internal Revenue Service says the tax agency is sticking with its plan to ask charities a series of questions about their management and governance policies and practices on the ...
The Internal Revenue Service has announced that it will help small charities keep their tax-exempt status even if they missed the May 17 deadline for filing a new online form. Doug Shulman, the IRS ...
The IRS’s annual list of the “dirty dozen” tax schemes includes the use of tax-exempt organizations to improperly shield income or assets from taxation. But two leaders of the Senate Finance Committee ...
Giving to a good cause feels great — and if you itemize your taxes, it can also help lower your tax bill. The charitable donation tax deduction lets you write off qualified gifts to nonprofit ...