Jul 07, 2020
Resource: Joy Taylor, Kiplinger, July 2020 - These red flags could increase your chances of drawing unwanted attention from the IRS: Failing to Report All Taxable Income Making a Lot of Money Taking…
May 22, 2017
Most organizations exempt from tax under Internal Revenue Code (“IRC”) Section 501(a), including charitable, religious, scientific, and other organizations described in IRC Section 501(c), may be subject to tax on unrelated business income (UBIT), depending on the nature of the activities producing that income. It is important for an organization to distinguish between its tax-exempt purpose and its business activities.