For over 30 years now I have been a part of CMA, the last nine years serving as President and Chief Executive Officer. During that time, I have seen a lot of changes in the Association industry as a whole and CMA in particular. Many of you are also long-time members of the Association as […]
Continue Reading →Posted in: Blog
Leave a Comment (0) →Do you have questions about the exemption of your church or nonprofit organization? Wondering if your organization’s exemption is still valid? Have you lost (or can no longer find 😊) your federal income tax exemption determination letter? Have you been able to confirm that your organization is, in fact, exempt from income tax but need […]
Continue Reading →Posted in: News
Leave a Comment (0) →A corporation’s officer was personally liable for the unpaid California sales tax owed when the corporation ceased business because the taxpayer was responsible for tax compliance during the liability period. Under California law, (R&TC Section 6829) a corporation’s officer can be held personally liable for the corporation’s sales tax if: the corporation’s business is terminated; […]
Continue Reading →Posted in: News
Leave a Comment (0) →The Court of Appeals affirmed the Tax Court’s findings in a case where a married couple was denied deductions for charitable contributions of their residence, certain land improvement expenses and a tractor/mower made to a nonprofit religious organization. The Court of Appeals recently affirmed the Tax Court’s disallowance of the land-improvement expense deduction on the […]
Continue Reading →Posted in: News
Leave a Comment (0) →