As Americans scrambled to make their year-end charitable contributions, they may have to do so without a key tool for understanding how those charities spend their money: their most recent tax forms.
At one point, churches fretted over losing their tax-exempt status for even unintentional missteps. But the IRS has largely abdicated its enforcement responsibilities as churches have become more brazen.
Dissolving a church or merging congregations can be complicated, not just emotionally or doctrinally, but financially and legally.
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Almost 11 weeks into tax season, the U.S. Internal Revenue Service continues to experience delays in processing last year’s tax returns. Millions of tax returns and filings are still backlogged, including those in the Form ...
The Taxpayer First Act, which passed in 2019, has provisions that clarify and give transparency to a number of Internal Revenue Service (IRS) operations, including some that impact nonprofits.
IRS offered clarification of a few terms that might be of help to nonprofit financial managers when dealing with the regulator and trying to speak the same language that its employees do.