FTB Top Past Due 500 Tax List The California Franchise Tax Board (FTB) issues notices to the top 500 delinquent individual and business tax payers in the state warning those taxpayers they could be published on the FTB’ s Top Past Due 500 List or FTB 500 List. Taxpayers who find themselves on the FTB
Nonprofit
Understanding Unrelated Business Taxable Income (UBTI): What 501(c) Organizations Should Know
Understanding Unrelated Business Taxable Income For most 501(c) organizations, tax‐exempt status is central to their ability to operate effectively and focus resources on their mission. However, having a tax-exempt status does not mean every dollar an organization earns is automatically free from taxation. One of the most important — and often overlooked — concepts in
Why Corporations Must Strategize Charitable Giving Now: Navigating the 2026 Deduction Floor
Corporate Charitable Giving Strategy Corporate charitable giving strategy faces significant changes starting in 2026, as new tax legislation introduces a minimum threshold that could reduce or eliminate deductions for many businesses. The One Big Beautiful Bill Act has added complexity to corporate charitable contribution rules that C corporations must understand to plan their giving strategies
Starting a 501(c)(3) Nonprofit Organization and Securing Federal Tax-Exempt Status?
Starting a 501(c)(3) Nonprofit Organization Starting a new charitable organization is a significant undertaking, driven by a powerful commitment to addressing a public need. This journey demands more than just passion; it requires a structured, meticulous approach to legal formation and governance. Individuals who decide to enter the non-profit world must understand that the long-term
Understanding the Process: What Nonprofits Need to Know About IRS Revocation
IRS Revocation Process Obtaining and keeping federal tax-exempt status under Section 501(c)(3) is fundamental to the operations of charitable organizations. This designation allows donors to claim tax deductions and ensures the entity does not pay corporate income taxes on its core mission income. Despite this protection, news reports frequently discuss calls for the immediate IRS