While tax season is over for many taxpayers (except those of us still on extension), tax-exempt organizations still have to file. The filing deadline for many tax-exempt organizations is May 15, 2024.
In recognition of the “public good”-oriented goals and objectives of nonprofit organizations, U.S. law grants these groups a number of special privileges. Of these, perhaps none is more valuable than ...
The first months of the second Trump administration have been a whirlwind of policy disruption. By executive order, the White House has announced vast changes to public policy on civil rights, health ...
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It's common to hear the terms "nonprofit" and "tax exempt" used interchangeably, and many organizations are both nonprofit and tax-exempt. But there's an important distinction. The first term is a ...
Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Steve ...
Tax-exempt means not being required to pay taxes on certain types of income. Individuals can qualify for tax-exemptions. Entire organizations can be completely tax-exempt. Tax-exempt does not mean you ...