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Posts Tagged Exemptions

Non-Profit Public Disclosure Requirements

Internal Revenue Code Section (IRC Sec.) 6104 has established the guidelines by which all tax-exempt organizations classified as “public charities” are required to make certain information available for inspection by the general public. Since all religious organizations, including churches, denominations, and associations of churches fall within this category this means your ministry is subject to […]

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Senate Bill Would Require Revocation Notice be given to a Nonprofit before Exemption Revoked

Legislation was recently introduced in the U.S. Senate would require the Internal Revenue Service (IRS) to give charities notice before they revoke their exempt status. Sens. Dan Coats (R-Ind.) and Ben Cardin (D-Md.) introduced S. 400, “Notice for Organizations That Include Charities is Essential (NOTICE) Act” on Feb. 6. The bill would require that the […]

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Payments in Lieu of Taxes – Coming Soon to Your State or City?

Charitable nonprofit organizations, such as private universities, hospitals, museums, religious charities and churches, currently enjoy a number of special tax exemption benefits from such things as; income tax, property tax, and in some states, even sales tax. In turn, many nonprofits reduce local government spending by offering services and resources that would otherwise be provided […]

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IRS Form 990 Filing Exemption for Churches

Form 990 was adopted in the early 1940s after fears in Congress that some nonprofits were using their favorable tax-exempt status to compete with for-profit businesses. The IRS has used the form ever since as a way to monitor compliance by charities with the tax law. Earlier this year the Freedom from Religion Foundation filed […]

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