It is an uncertain time to be a tax-exempt public charity or private foundation. The federal government has recently scrutinized certain tax-exempt organizations (see here), and draft congressional ...

The Opportunity, Balance, and Better Budget Act (OBBBA), formerly known as the One Big Beautiful Bill Act, enacted on July 4, 2025, introduces the most significant changes to the tax landscape for tax ...

Note: Section 501(c)(20), which was formerly used to classify legal-service organizations, has been abolished. 1. Includes cases in which organizations withdrew the applications or failed to furnish ...

The Treasury Department said Thursday the Internal Revenue Service will be revising the Form 990 used by tax-exempt organizations such as charities in an effort to uncover fraud and hidden sources of ...

In a recent letter ruling, the IRS determined that a networking organization operated and organized to provide members of the public the opportunity to connect and refer business to one another did ...