We tweeted live from the Georgetown Conference that occurred on April 22-23, 2010. Our tweets highlight IRS next steps and agenda items, as well as discuss other topics of interest to exempt organizations.
Monthly Archives: April 2010
Illinois Supreme Court Denies Property Tax Exemption to Not-for-Profit Hospital
Posted in Healthcare OrganizationsOn March 18, 2010, the Illinois Supreme Court denied property tax exemption to a not-for-profit hospital in the nationally watched Provena case. The plurality’s reasoning has implications for many nonprofits beyond hospitals.
Health Care Tax Credit is Now Available for Some Tax-Exempt Organizations
Posted in IRS FilingsUnder the recently enacted health care reform legislation, many small businesses and tax-exempt organizations are now eligible for a new federal tax credit. This credit is designed to encourage small employers to offer health insurance for the first time or maintain coverage they already have.
IRS Reminds Exempt Organizations to File Form 990 to Preserve Exempt Status
Posted in IRS FilingsEarlier this year, the IRS reminded all exempt organizations that, regardless of their size, they must file the Form 990 on time in order to preserve their tax-exempt status. Starting this year, organizations that fail to file these information returns for three consecutive years will automatically lose their exempt organization status.