Budget & Taxes
No Money For 2016 Primaries In LA Budget
There’s a good chance term-limited Louisiana Gov. Bobby Jindal (R) will make a run for the White House in 2016. And last year he signed a law to move the date of the state’s...
On this edition, attorney Randy Spiro discusses how the estate tax exemption of the first spouse to die is only portable if an election is made on that spouse's estate tax return. He explains how many surviving spouses will not want to incur the cost...
The Republicans in the South Carolina House are preparing a significant reform plan that will vastly improve the state's tax system. Although details are sketchy, the plan will broaden the sales tax base by eliminating two thirds of the exemptions...
Are College Football Bowls Entitled to IRC 501(c)(3) Tax Exempt Status?
There's only a few weeks left in college football's regular season, and after that, the various bowls will invite teams to participate in post-season play. Several of the...
By Lisa B. Petkun
On June 8, 2011 the IRS revoked the tax-exempt status of more than
275,000 organizations. The revocations were a result of the Pension
Protection Act of 2006 (PPA), which requires the IRS to...
One issue that perpetually plagues a tax-exempt organization is whether the
income it receives from its unrelated trades or businesses (its "unrelated
business taxable income" or UBTI) is so large that it will cause it to
lose its tax-exempt...