Wealthier Americans need to keep an eye on the federal estate tax exemption amount, which is an important factor in any ...

The federal estate tax exemption for 2025 is set at $13.99 million per person. This exemption allows individuals to transfer a substantial portion of their estate to heirs without incurring federal ...

Discover how IRS Publication 557 can guide your organization to secure and maintain tax-exempt status, ensuring compliance with essential IRS regulations.

The holiday season is upon us. Black Friday deals are already being released (with each year deals seeming to start earlier and earlier). Some people have already started their holiday shopping.

A federal bill proposed this week would affirm that nonprofits and charities are not receiving federal “financial assistance” simply by being granted a tax-exempt status. The Safeguarding Charity Act, ...

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 ...

In this article, we consider the current environment and congressional discussions related to the potential removal or cap of the municipal tax exemption. We see the outright removal of the federal ...