Last week, the IRS began to release tax-exempt organizations’ digital Form 990 information in a machine-friendly format. This change will…
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IRS Developments
IRS Cuts 1023-EZ Filing Fee to $275
The IRS has just announced that the filing fee for the 1023-EZ, a short-form application for recognition of tax-exempt 501(c)(3) status,…
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IRS Finalizes PRI Regulations that Shed Light on Permissible Activity
The IRS recently issued final regulations on program-related investments (or PRIs), which bring guidance on these type of investments into…
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More Clarification from IRS on Type III Supporting Organizations
The IRS recently issued new proposed regulations regarding supporting organizations that provide additional clarity, particularly for Type IIIs. This has been…
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President’s Proposed Budget a Mixed Bag for Exempt Organizations
President Obama recently released his proposed budget for 2017, which contains several important tax changes for exempt organizations in key…
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Proposed Regulations Focus on ‘Political Subdivision’ Definition
Private foundations that make grants are generally very familiar with the expenditure responsibility rules, which require a heightened level of…
READ MORE IRS Approves Crossroads GPS as Exempt 501(c)(4) After Six Years
Amid a great deal of controversy, the IRS has granted exemption to Crossroads GPS, an organization famous both for its…
READ MORE IRS Clarifies New Filing Obligation for 501(c)(4) Organizations
With the enactment of the Protecting Americans from Tax Hikes (PATH) Act of 2015, organizations exempt under Section 501(c)(4) face…
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IRS Pulls Alternative Substantiation Method Proposed Regulations
Amid a furor over privacy concerns, the IRS has pulled its proposed regulations under Section 170(f)(8)(D) that provided an alternative…
READ MORE IRS Issues Final Regulations on Payout Amount for Certain Supporting Organizations
The IRS has issued final regulations addressing payout amounts for Type III non-functionally integrated supporting organizations. These regulations close the loop…
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