Discover how a bargain sale to a charitable organization involves selling goods for less than fair market value, offering potential tax benefits.

The due date for many tax-exempt and charitable organizations is the 15th day of the 5th month after the end of the accounting year. For an organization with a December 31 year-end, that’s May 15.

As part of the provisions in President Donald Trump’s tax and spending package, passed last year, everyday donors may see tax gains, while those who itemize, especially high earners, face stricter ...

The Internal Revenue Service has declared illegal a tax scheme under which charities and other tax-exempt groups helped companies avoid taxes through fraudulent charitable donations. At the same time, ...

A top official of the Internal Revenue Service says the tax agency is sticking with its plan to ask charities a series of questions about their management and governance policies and practices on the ...

The Internal Revenue Service has announced that it will help small charities keep their tax-exempt status even if they missed the May 17 deadline for filing a new online form. Doug Shulman, the IRS ...

The Internal Revenue Service plans to introduce a new program this year for charities in jeopardy of losing their tax-exempt status for failure to file informational tax returns, called Forms 990.

For a growing number of American retirees, the goal of eliminating or drastically reducing their federal tax bill isn't a pipe dream - it's a real outcome made possible by one of the most underused ...

The IRS’s annual list of the “dirty dozen” tax schemes includes the use of tax-exempt organizations to improperly shield income or assets from taxation. But two leaders of the Senate Finance Committee ...

The Internal Revenue Service has begun contacting nearly 2,000 charities and foundations as it officially kicks off an effort to crack down on groups that are providing excessive pay or benefits to ...