Tax exemptions

The recently issued notice on a provision of the Tax Cuts and Jobs Act will have some organizations wondering what to do.

A provision of the Tax Cuts and Jobs Act imposes a tax on excess payments and remuneration of top officials at tax-exempt organizations.

Changes in the Tax Cuts and Jobs Act impose new taxes on groups like churches and charities that offer free parking to clergy and employees.

Many tax-exempt groups that participate in politics will no longer be required to disclose their donors to the Internal Revenue Service, the Treasury Department said.

The American Institute of CPAs suggested more than 30 changes to the Internal Revenue Service for the Form 990, Return of Organization Exempt from Income Tax, and its instructions, some of them marked as urgent.

A new online tool called TEOS replaces the old EO Select Check service with more details and filings from nonprofits and charities.

Organizations whose applications for tax-exempt status were delayed by the IRS could be getting $3.5 million.

Israel put proposed taxes on church-owned property in Jerusalem on hold after top Christian clerics in the city closed the venerated Church of the Holy Sepulchre to protest the planned levies.

As U.S. banks were tallying up the billions of dollars in extra profits they’ll reap from the sweeping tax cuts signed into law by President Donald Trump, they were quietly delivering unwelcome news to local governments: The interest rates on their loans were about to go up.

The Justice Department said Thursday it has entered into a settlement with Z Street, a nonprofit that educates the public about Israel and Middle East issues, after the group sued the Internal Revenue Service for holding up its application for tax-exempt status and subjecting it to extra scrutiny.