This item discusses some of the state and local tax (SALT) reporting challenges faced by tax-exempt
organizations with passthrough (i.
168(h)(1)(A) refers to tax-exempt
use property to mean that portion of any tangible property (other than non residential real property) leased to a tax-exempt
Ethical Society of Austin, the state court ruled that the comptroller violated the First Amendment rights of the Ethical Society of Austin when it rejected the group's application for tax-exempt
and a lead attorney for the NABL, said that determining a Facility's eligibility for tax-exempt
financing by the way solid waste is processed would be a problem because he receives at least one call per week from recycling companies that have found a new way to process material.
In the early 1990s, the IRS began examining tax-exempt
bonds in connection with exempt organization (EO) audits of hospitals and universities.
In most cases the decision on the taxability of proceeds will be determined based on whether members of the tax-exempt
organization performed personal services.
Zeronian criticized the IRS, saying its factual findings did not support the conclusion that the securities were not tax-exempt
Another new type of multifamily tax-exempt
bond is the no-profit bond, where a project will be owned by a not-for-profit entity under IRC Sec.
Truhe: Going back to what was going on a few years ago during the Congressional hearings, the press reported, for instance, that magazine publishers were questioning the tax-exempt
status of National Geographic, wondering why the magazine should have a competitive advantage when they were in the same business and generating the same types of advertising revenue as the entities without tax exemption.
Conclusion: The IRS concluded that Hospital A did not jeopardize its tax-exempt
status in this recruitment effort because objective evidence (the U.
Other highlights of the IRS data on tax-exempt
interest income could have experienced sharp reductions in their income levels, such as retirees who were formerly in higher tax brackets.
Qualified small issuer must reasonably anticipate that it will not issue more than $10 million of tax-exempt
obligations during a calendar year;