Many Charities Don’t Tell IRS How Much They Spend on Programs
Oregon’s lawmakers want to ensure that charities spend enough on programs, but many charities don’t report that information.
By Lisa Chiu
Contributor
Nonprofits Increasingly Pay Local and State Taxes, Study Finds
Nearly two-thirds of nonprofits say they are paying state and local governments, despite holding tax-exempt status, according to a new study.
By Lisa Chiu
Contributor
Obamas Donated 14% of Their Income to Charity in 2010
The president and his wife gave $245,075 to 36 charities in 2010. Vice President Joe Biden and his wife gave 1.4 percent of their income to charities.
By Lisa Chiu
Contributor
President’s Deficit Plan Seeks to Limit Charity Write-Offs by the Wealthy
President Obama echoed ideas he has raised in the past to limit itemized deductions—including those for charity—that can be claimed by America’s richest people.
By Lisa Chiu
Contributor
International Groups Face Cuts in Budget Plan
Programs that pay for American charities to provide international relief, development, education, and health care overseas would lose money.
By Lisa Chiu
Contributor
GOP Lawmakers Ask IRS to Investigate AARP
A group of Republican legislators has formally asked the Internal Revenue Service to review whether AARP deserves its tax-exempt status.
By Lisa Chiu
Contributor
IRS Warns of Tax Abuses Involving Nonprofits
Efforts to inflate the value of charitable donations rank high on the IRS’s annual list of the “dirty dozen” tax scams.
By Lisa Chiu
Contributor
IRS Figures Show Charity Creation May Be Slowing After Years of Fast Growth
The number of organizations with charity status has doubled in the past 15 years, but the economic downturn may be dampening growth.
By Lisa Chiu
Contributor
House Republicans Urge IRS to Step Up Scrutiny of Tax-Exempt Groups
At a hearing examining the financial and lobbying activities of AARP, GOP lawmakers questioned whether the organization should keep its tax-exempt status.
By Lisa Chiu
Contributor
Senator Proposes Flat Tax on Investment Income for Foundations
Sen. Charles Schumer says the current two-tier tax rate depresses giving even though it was designed to increase it.
By Lisa Chiu
Contributor