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Digest of Treasury Regulations on issues of interest to tax-exempt organizations.

Section 4942 imposes an excise tax of 30 percent on the undistributed income of most domestic private foundations, excluding private operating foundations. A private foundation can avoid the excise tax on certain undistributed income if an amount set aside for a specific project is treated as a qualifying distribution.

Sample questions - Mortgage foreclosure assistance organization applying for exemption as hospital

Jan. 10, 2025 ¡ª IRS Criminal Investigation (IRS-CI) unveiled its top 10 cases of 2024 on Friday. The defendants in these cases committed millions of dollars in fraudulent activity, duped investors into believing they were going to strike it rich and tried to funnel money to terrorist organizations.

June 27, 2023 ¡ª Attila Colar, aka Dahood Sariff Bey, aka Sharieff Dahood Bey, aka Saharieff Pasha, aka Georgi Petrakov, was convicted of 44 counts that included conspiracy, bank fraud, wire fraud, aggravated identity theft, false statements to a bank, destruction of property to prevent a search, possession of a firearm as a felon, making a false tax return, obstruction, and witness tampering, by a federal jury on June 23, 2023. The guilty verdicts followed a three-week jury trial before the Honorable Haywood S. Gilliam, Jr., U.S. District Judge.

A listing of the country/jurisdiction used in the FATCA Registration System and the FFI List.

30D manufacturer frequently asked questions (FAQs).

WV-2025-02, March 14, 2025 ¡ª The Internal Revenue Service announced today tax relief for individuals and businesses in parts of West Virginia that were affected by severe storms, straight-line winds, flooding, landslides and mudslides that began on Feb. 15, 2025.

AR-2025-03, April 14, 2025 ¡ª The IRS announced today tax relief for individuals and businesses in Arkansas that were affected by severe storms, tornadoes and flooding that began on April 2, 2025. These taxpayers now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.

TN-2025-02, April 14, 2025 ¡ª The IRS announced today tax relief for individuals and businesses in Tennessee that were affected by severe storms, straight-line winds, tornadoes and flooding that began on April 2, 2025. These taxpayers now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.