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IR-2021-250, December 16, 2021 — The Internal Revenue Service announced today that the publicly available data it provides on electronically filed Forms 990 in a machine-readable format will be available solely on the Tax Exempt Organization Search webpage.
The Section 6652(c) Penalty. Section 6033(a)(1) of the Internal Revenue Code (the “Code”) generally requires “every organization exempt from taxation under section 501(a...
Year-end reminder: Expanded tax benefits help individuals and businesses give to charity during 2020 The IRS today explained how expanded tax benefits can help both individuals and businesses give to charity before the end of this year. The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes four temporary tax changes that are designed to help people and businesses who give to charity this year. Here is a rundown of these key changes. Update on Mandatory E-Filing in 2021 The Taxpayer First Act, enacted July 1, 2019, requires tax-exempt organizations to ele...