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

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 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 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 ...

The government is adding a new deduction for non-itemizers. Starting in 2026, they will be able to deduct up to US$1,000 of ...

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 ...

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 ...

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 ...

The federal government is asking big nonprofits like universities and hospitals to spend too much time and money reporting on their finances and other activities, nonprofit officials told members of ...

The Opportunity, Balance, and Better Budget Act (OBBBA), formerly known as the One Big Beautiful Bill Act, enacted on July 4, 2025, introduces the most significant changes to the tax landscape for tax ...

IRS called to investigate CAIR-California tax-exempt status after Chairman Jason Smith refers the nonprofit, alleging misuse ...