March 28, 2012

New from the IRS

New Publication on Tax on Unrelated Business Income of Exempt Organizations

The IRS has released Publication 598, Tax on Unrelated Business Income of Exempt Organizations, in which it describes which organizations are subject to the tax, return filing requirements, what an unrelated trade or business is, and how to calculate unrelated business taxable income. - read more

Online Tool to Check Charitable Organizations

The Internal Revenue Service has launched a new online search tool, Exempt Organizations Select Check, to help users more easily find key information about tax-exempt organizations, such as federal tax status and filings.   - read more