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Archive for October, 2015

Sales Tax – Could your Organization’s Activities Trigger a Sales or Use Tax Obligation to California?

Complexity of sales (and use) tax applicability and exemptions with respect to nonprofits is often the cause of noncompliance. There are two points that are critically important for nonprofits operating in California to understand. First, being recognized as tax-exempt from income tax by the State does not also confer an exemption from sales tax. Second, […]

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Posted in: News

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IRS Requires Speedier Responses from Applicants for Nonprofit Status

Last month the Internal Revenue Service issued an internal memorandum for Exempt Organization Determination Employees which effectively changed IRS policy to give organizations applying for tax exempt status less time to submit additional information requested by the IRS for applications under review. Under the new procedures if an organization does not provide the information by […]

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Posted in: Bits & Pieces, News

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How Your Income Affects Your Individual Health Insurance Premium Tax Credit

Individuals are allowed a premium “tax credit” only for health insurance coverage purchased through the Marketplace for yourself and/or other members of your family. However, to be eligible for the credit, your household income must be no more than 400 percent of the federal poverty line for a family of your size. An individual who […]

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Posted in: News

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How Your Income Affects Your Individual Health Insurance Premium Tax Credit

Individuals are allowed a premium “tax credit” only for health insurance coverage purchased through the Marketplace for yourself and/or other members of your family. However, to be eligible for the credit, your household income must be no more than 400 percent of the federal poverty line for a family of your size. An individual who […]

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Posted in: Healthcare Reform, News

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