The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

Tax-exempt organizations will be able to find most of their reporting requirements in one place under regulations the IRS proposed Friday (REG-102508-16).The rulemaking mainly consolidates existing ...

Timing and Reporting of Income. Revenue Procedure 2021-48 discusses the timing and reporting of the receipt of PPP forgiveness tax-exempt income. Under this procedure, the taxpayer may treat PPP ...

Other exempt organizations will no longer have to include this donor data on Form 990; Form 990-EZ, Short Form Return of Organization Exempt From Income Tax; or Form 990-PF, Return of Private ...

The IRS published a report in 2013 on tax-exempt colleges and universities based on questionnaires about their unrelated business income and other matters, supported by compliance checks by IRS ...

Generally, if your income falls below the threshold set by the Internal Revenue Service (IRS), you might not need to file a tax return.Despite this, filing could still be advantageous, especially ...

The IRS is allowing more partnerships and S corporations to take advantage of exemptions from requirements to file reports on their foreign income, which many tax preparers have complained are ...

How to Report Tax-Exempt Income to FAFSA. ... This amount is entered under the Untaxed Income section, specifically the question asking for “tax-exempt interest income” from IRS Form 1040 ...

The report, released Thursday by the Treasury Inspector General for Tax Administration, found that thousands of taxpayers may not have received satisfactory responses from the unit to their ...