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, ...

As part of the provisions in President Donald Trump’s tax and spending package, passed last year, everyday donors may see tax gains, while those who itemize, especially high earners, face stricter ...

Recently reported changes within the IRS’ Criminal Investigation Division (IRS-CI) may result in investigations into the activities of tax-exempt organizations. These investigations are expected to ...

A top official of the Internal Revenue Service says the tax agency is sticking with its plan to ask charities a series of questions about their management and governance policies and practices on the ...

The Internal Revenue Service has announced that it will help small charities keep their tax-exempt status even if they missed the May 17 deadline for filing a new online form. Doug Shulman, the IRS ...

Only 40 percent of the nearly 13,200 charities that reported receiving business income not related to their missions wound up paying tax on those earnings for the 2005 tax year, according to new ...

Changes in the tax law signed by President Donald Trump last year are estimated to cost charities billions of dollars annually, according to a new study by Indiana University’s Lilly Family School of ...

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 ...

Discover how a bargain sale to a charitable organization involves selling goods for less than fair market value, offering potential tax benefits.

The Internal Revenue Service has started investigations into more than 350 nonprofit organizations for engaging in possible illegal political activities during the 2006 election cycle. But the IRS ...