In the tax world, when someone refers to a “charitable” organization, it is likely they are using the term in its generally accepted legal sense to include not-for-profit corporations or charitable trusts that are organized...more
8/13/2025
/ 501(c)(3) ,
Charitable Organizations ,
Excise Tax ,
Executive Compensation ,
Exemptions ,
New Legislation ,
Nonprofits ,
Private Foundations ,
Public Charities ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Unrelated Business Income Tax
Few provisions of the Code have a single, clear meaning that leaves no room for interpretation. Even many of those that, on the surface, appear fairly straightforward, are usually open to alternative “understandings.”...more
4/11/2025
/ 501(c)(3) ,
Charitable Organizations ,
Employer Liability Issues ,
Employment Tax ,
Enforcement ,
Enforcement Actions ,
Internal Revenue Code (IRC) ,
Nonprofits ,
Penalties ,
Tax Exemptions ,
Tax Liability