Tax-exempt does not mean you don’t have to report the income on your tax return. ... These organizations don’t report a profit. Instead they use funds for organizational purposes.

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. The Times listed several recent ...

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 ...

When a nonprofit corporation generates income from business trade or on business transactions regularly it could be subject ...

A parliamentary panel led by BJP's Baijayant Panda recommended continuing tax exemptions for anonymous donations to religious ...