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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 […]
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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; […]
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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 […]
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Leave a Comment (0) →A District of Columbia federal district court has ordered the dismissal of a legal challenge to the longstanding church exemption to the filing of IRS Form 990: Return of Organization Exempt from Income Tax filing, an informational return most nonprofits are required to file annually. Background Under Code Sec. 6033(a)(1), most organizations that receive tax-exempt […]
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