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.
The Internal Revenue Service has reversed its decision to deny tax-exempt status for a Texas religious nonprofit group it said was too closely aligned with Republican values.
The former business manager of a Pittsburgh church was sentenced to 30 months in federal prison April 6 on tax charges connected with a $1.2 million embezzlement case.
The IRS has finalized its rules on an excise tax to discourage excessive compensation at non-profit organizations. In its February 16th Bulletin, the IRS announced an update to section 4960 of the Internal Tax Code ...
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