Al Sharpton agrees with charges that his nonprofit, the National Action Network, owes outstanding taxes to the IRS and the State of New York. He also agrees that he owes personal taxes to the IRS and the State of New York. He doesn’t, however, agree that he owes as much as alleged, charging that the story was intended to call attention to an old story instead of the one he thinks folks should be talking about: Ferguson.
With football season in full swing, members of Congress are taking another hit at the NFL’s tax exempt status: a second bill has been introduced which aims to eliminating tax exempt status unless the Washington Redskins yank their name. Does it have enough support to make a difference?
Looking for a way to show your support for our military on Veterans Day? Here are 14 ways to show your thanks to our vets – and some of them come with a nice tax benefit to boot.
Nina Pham, the nurse who contracted Ebola while taking care of Thomas Eric Duncan, has been declared free of the virus. The fundraising campaign for her has now wrapped and donors are encouraged to put their dollars towards Ebola charities. Exercise care, though: Ebola related scams are on the rise.
Get a receipt and 9 other tips for donors who don’t want to tangle with the IRS.
Pope Francis has suspended a German bishop – dubbed the “Bishop of Bling” – whose $42 million home renovation has outraged the Catholic Church. The lavish renovations, together with other spending allegations, has raised questions about church revenue, much of which is raised through the government. What will this mean for Germany? And is it ever a good idea to mix church and state?
Remember Lois Lerner? The former Internal Revenue Service Director of Exempt Organizations made headlines this spring when she was accused improperly targeting certain applications for tax-exempt status based on keywords and politically charged language. She’s finally stepping down from her position. Why now?
Over the weekend, a little game of charity flag football resulted in thousands of dollars donated to charity. But who gets the deduction – and why?
It’s Back To School Week on the blog! All week long, I’ll be answering your questions about school and tax – complete with fun giveaways. Next up: tips on claiming charitable deductions for donating school supplies, backpacks and more.
Did they or didn’t they? For weeks, we’ve been hearing whispers that the Internal Revenue Service’s screening process which targeted certain tax exempt organizations included not only “Tea Party” terminology but those on the other end of the political spectrum, as well. Those whispers have now become roars. Democrats in the House claim that the IRS has provided information which proves that the term “progressives” was used as an identifier on the now infamous “Be On the Look Out” (BOLO) lists. Members of the Ways and Means Committee Democratic staff also officially verified that the list of those of organizations …