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 ...

Explore how nonprofit organizations gain federal tax-exempt status under IRS 501(c) and discover the conditions they must ...

losing their tax-exempt status for failure to file their informational tax return, called the Form 990. The new program would allow organizations to file their missing forms without penalty, paying ...

granted tax-exempt status to the Top of Texas K-9 Search and Rescue Association, speeding through an application process that typically takes 15 weeks or longer. Eamon P. Riley, the group’s executive ...

Individuals who choose to itemize their deductions on their tax returns can deduct charitable contributions of money or property. This means that those who opt for the standard deduction cannot deduct ...

COLUMBUS, Ohio --Even if you never claim a tax deduction, the federal government may still know which charities you support. Federal rules require nonprofit organizations to disclose the names of ...

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, ...

The Internal Revenue Service has begun contacting nearly 2,000 charities and foundations as it officially kicks off an effort to crack down on groups that are providing excessive pay or benefits to ...

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.

A new study by the IRS shows that much of the money charities earn from business activities comes from selling products, services, and advertising. Charities in 2004 — the latest date for which ...