Tax Rules for Nonprofit Organizations: How Tax-Exemption Works

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

Tax Exemption Forms

Form W-9 Request for Taxpayer Identification Number and Certification: Companies obtaining personal services from Purdue request this form to verify Purdue's tax identification number and exemption ...
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What Does It Mean to Be Tax-Exempt?

Tax-exempt means not being required to pay taxes on certain types of income. Individuals can qualify for tax-exemptions. Entire organizations can be completely tax-exempt. Tax-exempt does not mean you ...
JournalofAccountancy

Managing the ‘excess compensation’ tax

The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, enacted changes to the tax law that have proved costly to some tax-exempt organizations. The TCJA amended Sec. 512 to provide ...