Home / Columns and Features / IRS finalizes rules regarding taxable income of exempt organizations (access required)

IRS finalizes rules regarding taxable income of exempt organizations (access required)

While non-profit organizations are generally exempt from tax, they are subject to a tax on their income from unrelated businesses. If a soup kitchen opens a restaurant to the public, its tax exemption doesn’t apply to the earnings. The IRS has now issued final guidance on a critical provision of the Tax Cuts and Jobs Act ...
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