by Joel Roettger | Nov 13, 2018 | Estate Planning, Probate, Tax, Trusts
No, but you would not know that from reading the statute. The 65-day rule is a taxpayer-friendly provision involving the income taxation of trusts and estates. It allows the trustee of a trust or executor of an estate to treat certain distributions made in one tax...
by Joel Roettger | Oct 4, 2018 | Charitable Organizations, Tax
Can a public charity engage in efforts to influence legislation? Yes, but not as a “substantial part” of its activities. Under IRC 501(c)(3), an organization will not qualify (or remain qualified) as tax-exempt if it carries on propaganda, or otherwise attempts to...
by Joel Roettger | Sep 29, 2017 | Charitable, Tax
Must a church file an exemption application in order to be recognized as tax-exempt under I.R.C. § 501(c)(3)? No. GENERAL RULE. An organization shall not be treated as tax-exempt under I.R.C. § 501(c)(3) unless it has given notice to the Secretary in such manner as...
