Exemption from federal income tax carries significant responsibilities and restrictions, especially regarding transactions with related parties, also known as “insiders.” Leaders must understand these rules to protect both their mission and their organization’s tax-exempt status. At the heart of the IRS’s oversight of insider transactions are prohibitions against private inurement and excess benefit transactions. These […]
The One Big Beautiful Bill (OBBB) contains several provisions that will have an impact on your donors in 2026. That means that there are tax planning techniques that can be used before the end of 2025. You can include some of this information in your year-end campaigns to encourage giving before year end. Be the […]
On Thursday, July 3, 2025, Congress passed H.R. 1, a significant tax package with implications for both taxpayers and nonprofit organizations. The bill was signed into law by the president on the 4th of July. Here are some of the major provisions that will directly impact nonprofits and their ability to serve communities nationwide. Universal […]
