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Nonprofits' Tax Exemptions Increasingly Under Fire.
- Article from:
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Kiplinger Business Forecasts
- Article date:
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June 17, 2008
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Peter Blank, Joan Pryde
Tax breaks for nonprofit groups are facing heightened scrutiny from all levels of government because of concerns that some exempt organizations are primarily moneymaking operations that don't live up to the purposes for which they received their special tax status in the first place.
States and localities are combating the problem by denying property tax exemptions. This is a backdoor approach, since only the feds can yank a nonprofit's tax-exempt status. But it's a weapon that state and municipal governments are using more often when they believe exempt groups aren't toeing the line, especially when it comes to revenue producing ...
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Exempt organizations and the Coordinated Examination: a rude awakening....
The Tax Adviser;
April 1, 1995 ;
Mackay, James R.;
734 words
......examining it. The advent of the Exempt Organizations Coordinated Examination Program (CEP), at least for exempt organizations with assets over $50 million...within the Service, such as Exempt Organizations managers and agents, computer...
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Sec. 403(b) plans - voluntary correction program could save exempt...
The Tax Adviser;
November 1, 1995 ;
Bosco, Philip R. Seelig, Steven A.;
787 words
......plans) maintained by exempt organizations such as hospitals, colleges...universities. Several large exempt organizations have already been assessed...program that can help many exempt organizations rectify violations and...
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The Internet and tax-exempt organizations.
The Tax Adviser;
May 1, 2000 ;
Blazek, Jody;
787 words
......consequences. * For all categories of exempt organizations, the character of revenues generated...activities produce UBI. As more and more exempt organizations move toward a presence on the Internet...article explores the types of services exempt organizations normally provide and ...
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Mandatory e-filing for large corporations and exempt organizations.
The Tax Adviser;
January 1, 2006 ;
Goldstein, Benson S.;
787 words
......Form 990 series used by exempt organizations. While the Service generally...all corporations and exempt organizations to file tax returns electronically...large corporations and exempt organizations to e-file tax returns...
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AICPA Calls for Delay in IRS Mandated Electronic Tax Filing Procedures for...
The CPA Letter;
May 1, 2005 ;
Anonymous;
170 words
......procedures for large corporations and exempt organizations at a hearing before the 1RS recently...assets of $50 million or more and tax-exempt organizations with total assets of $100 million...addition, smaller corporations and exempt organizations face an e-filing requirement ...
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Abusive tax transactions involving exempt organizations.
The Tax Adviser;
May 1, 2006 ;
Underwood, Joyce M.;
787 words
......has grown in size and complexity. Exempt organizations are being watched closely by the...Abusive tax transactions involving exempt organizations are especially troubling because...for-profit sector are moving over to tax-exempt organizations to serve as accommodating parties...
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NEW INTERNET-BASED WORKSHOP HELPS TAX EXEMPT ORGANIZATIONS REMAIN IN...
US Fed News Service, Including US State News;
January 22, 2007 ;
318 words
......Internet-based version of its popular Exempt Organizations Workshop covering tax compliance...confronted by small and mid-sized tax-exempt organizations, including charities and churches...advisors on tax compliance issues. "The Exempt Organizations division has offered ...
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Taxation of Exempt Organizations.(Book Review)
The Tax Adviser;
June 1, 2003 ;
Fink, Philip R.;
120 words
...Taxation of Exempt Organizations, by Frances R. Hill and Douglas M. Mancino (WG&L, 2002), includes everything one needs to know about exempt organizations, including organization, compliance and planning. It is an excellent reference for...
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AICPA Calls for Delay in IRS Mandated Electronic Tax Filing Procedures for...
PR Newswire;
March 15, 2005 ;
395 words
......procedures for large corporations and exempt organizations at a hearing before the IRS this...The affected corporations and tax exempt organizations, software developers and tax practitioners...assets of $50 million or more and tax-exempt organizations with total assets of $100 ...
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Exempt organizations: T.D. 8818
United States. Internal Revenue Bulletin;
April 26, 1999 ;
Anonymous;
44 words
...Section 6104.-Publicity of Information Required From Certain Exempt Organizations and Certain Trusts 26 CFR 301.6104(d)3: Public inspection and distribution of applications for tax exemption and annual information returns of tax-exempt organizations (other than private foundations).
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Goodhue County races include rematch.
Post-Bulletin (Rochester, MN);
October 24, 2006 ;
787 words
......Dawn Schuett Oct. 24--RED WING -- Six Goodhue County offices will be on the ballot in the...of Welch. Albers has worked for the Goodhue County Sheriff's Department for 32 years...retired in April after 25 years with the Goodhue County Sheriff's Department to run for sheriff...
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Goodhue County administrator takes new job.
Post-Bulletin (Rochester, MN);
June 29, 2006 ;
296 words
......Dawn Schuett Jun. 29--RED WING -- Goodhue County Administrator David Hamilton has accepted...north central Minnesota. Hamilton, 57, Goodhue County's administrator for six years, will...his new job Sept. 5. His last day for Goodhue County will be Sept. 1. His wife, Linda, recently...
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Intermediate Sanctions and Exempt Organizations
The CPA Journal;
June 1, 2006 ;
Knoepfle, Terry W; Froelich, Karen A;
787 words
......and employee benefits in tax-exempt organizations and is using IRC section 4958...the potential pitfalls for exempt organizations, and discusses recent developments. Tax-exempt organizations must recognize the dangers...
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IRS STREAMLINES APPLICATION PROCESS FOR NEW TAX-EXEMPT ORGANIZATIONS
US Fed News Service, Including US State News;
September 8, 2008 ;
397 words
......initial five-year period but required exempt organizations to demonstrate, after the initial...Form 990 enhances transparency for exempt organizations and makes it easier for them to...years, approximately 95 percent of exempt organizations that received advance rulings were...
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NORTHBOUND HIGHWAY 52 AT HIGHWAY 57 IN GOODHUE COUNTY CLOSED
US Fed News Service, Including US State News;
December 31, 2007 ;
97 words
......release: Northbound Highway 52 at Highway 57 in Goodhue County has been closed due to a crash. Motorists...following detour if traveling in the area. * Goodhue County Road 8 * Goodhue County Road 9 * back to Highway 52 Traffic is expected...
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