For example, in California this is accomplished by filing Form 3500A, Submission of Exemption Request, and attaching a copy of the organization's federal determination letter; North Carolina requires a tax-exempt organization
to send the Department of Revenue a copy of its articles of incorporation and bylaws to demonstrate its exempt purpose before it will grant an exemption from North Carolina income and franchise taxes.
At issue were a number of tax code provisions that allow churches, which are tax exempt under section 501(c)(3) of the Internal Revenue Code, to receive benefits beyond the standard exemption that other tax-exempt organizations
Compendium of Studies of Tax-Exempt Organizations
Almost all of the published case law from Florida deals with homeowner or condominium associations, (2) which are a type of tax-exempt organization
The FTB is mailing notices to the more than 260,000 tax-exempt organizations
meeting the criteria to file using FTB 199N, also known as the e-postcard.
a leader in providing tools that create employee empowerment, partnership management and enhanced human resources value to operating managers, has established The Omnia Foundation, to provide tax-exempt organizations
with management and personnel consulting services.
Accordingly, such ventures have traditionally been structured so that the tax-exempt organization
maintains a majority of shares in the venture and control over the board of directors.
The proposed regulations state that if a tax-exempt organization
makes the required information widely available it does not have to supply it to each individual that requests it.
The Revenue Reconciliation Bill of 1995, if enacted, would clarify the treatment of Subpart F income earned by a controlled foreign corporation (CFC) in which a tax-exempt organization
is a U.
A second tax issue that arises when forming an MCV is whether such an entity may itself qualify as a tax-exempt organization
For example, the redesigned Form 990 instructions ask whether a tax-exempt organization
has conflict-of-interest, document-retention and whistleblower policies that had been adopted by the board of directors by the end of the tax year.
The new rule that almost every tax-exempt organization
must annually file an information return with the IRS to maintain status will be quickly adopted by the sector, raising the expectation that basic transparency is required to be a tax-exempt organization
An organization that wants to regain its exempt status will then have to reapply for recognition as a tax-exempt organization
In a letter ruling, the Internal Revenue Service dealt with a tax-exempt organization
that maintained a teaching hospital formed a wholly-owned captive which reinsured an admitted carrier which had provided medical malpractice insurance to the exempt organization, full-time faculty members, several other hospitals and full-time resident physicians employed by the hospitals.
For a detailed discussion of the issues in this area, see "Small Tax-Exempt Organization
E-Postcard Requirements Finalized," by Sarah Lovinger, in the November 2009 issue of The Tax Adviser.