Explore how nonprofit organizations gain federal tax-exempt status under IRS 501(c) and discover the conditions they must ...

President Donald Trump on Friday reiterated his plans to revoke Harvard University’s tax-exempt status, making clear that he intends to use the IRS against his perceived enemies. While there are ...

The IRS updated the procedures for obtaining tax-exempt status on a group basis. The guidance ( Rev. Proc. 2026-8) allows ...

What does it mean to be tax-exempt? Tax-exempt means not being required to pay taxes on certain types of income. Find out what type of income is included.

The following transcript of this discussion was edited for clarity. Carrie Garber Siegrist: Hi everyone, I’m Carrie Garber Siegrist, a senior associate in Goodwin’s Tax-Exempt Organizations group. Our ...

"It's less likely the revocation would be retroactive in a normal case but there's been a lot of upheaval at the IRS right now," said Adam Young, a partner in Fox Rothschild's taxation and wealth ...

A company that processes asphalt to customer specifications doesn’t owe use tax on its natural gas purchases because the fuel ...

President Trump on Friday announced plans to strip Harvard University of its tax-exempt status, escalating his feud with the Ivy League school. “We are going to be taking away Harvard’s Tax Exempt ...

The Internal Revenue Service (IRS) has denied a marijuana-focused tourism organization’s request for nonprofit tax-exempt status, citing the ongoing federal criminalization of cannabis and saying that ...