Category: Nonprofit & Tax Exempt Organizations
Three Denials – IRS draws the line between business and charity
The IRS recently denied tax-exempt status to two organizations who were deemed to conduct too much “business” activity and not enough “charitable” activity. The two denials are the latest in a long line of rulings that require that a 501(c)(3) organization be … read more
New York City Bites the Hand that Feeds It
Many New York City nonprofit organizations that use their properties for charitable and educational purposes have long enjoyed exemption from New York City property tax. Recently, a number of these organizations have received notices from the City’s Department of Finance (DOF) indicating … read more
