Charities

Tax Information for Charities & Other Non-Profits

New Legislation Increases Tax Shelter Penalties for EOs
The IRS has issued guidance implementing new legislation that increases penalties on tax-exempt accommodation parties involved in certain tax shelter transactions.

Revised Form 1023
Form 1023 has been updated with new user fee information. The IRS will continue to accept the previous version until January 2007.

IRS Reports on Credit Counseling Initiative
Internal Revenue Service officials today released a report on tax-exempt credit counseling agencies and announced further steps to ensure these organizations comply with the law.

EO Update
Subscribe to a periodic newsletter for tax-exempt organizations.

Tax-Exempt Organizations and Political Campaign Intervention
IRS published materials on political campaign intervention by tax-exempt organizations.

Election Season Reminder
A reminder of the ban on election campaigning by 501(c)(3) organizations

e-FIle for Charities and Nonprofits
Information about electronic filing for Charities and Nonprofits.

Executive Compensation Phone Forum Materials
Materials from a May 2006 phone forum on executive compensation issues for exempt organizations.

New Deputy Commissioner Named for Tax Exempt and Government Entities Division
The IRS announced that Christopher Wagner will serve as Deputy Commissioner of the TE/GE Division.

Charitable Donations of Vehicles
Recent developments in the tax rules that apply to charitable donations of vehicles.

Seller-Funded Down Payment Assistance Programs Are Not Tax-Exempt
New IRS guidance reasons that assistance to home buyers primarily benefits sellers, not charities.

EO Hospital Questionnaire
Questionnaire being used in compliance checks of tax-exempt hospitals.