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CPAs can help not-for-profits understand what revenue is subject to the unrelated business income tax (UBIT) and navigate the rules surrounding the tax.
There have been significant changes over the years in tax laws including the tax deductibility of charitable donations. The ...
Several cash-strapped state and local governments are considering new taxes on not-for-profit organizations, according to a report by the New York Times.
Under the Sec. 6417 direct-pay election, tax-exempt organizations, including not-for-profits and governmental agencies, can claim certain energy credits on their federal income tax returns, but to ...
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