Posts Tagged: tax breaks

The Tax Relief Act Does Give Breaks To Non-Profits

January 10, 2011 Posted by The Law Firm for Non-Profits, P.C. in Taxes

The Tax Relief Act (actually, “The Tax Relief, Unemployment Insurance Preauthorization, and Job Creation Act of 2010”), passed by Congress and signed into law by President Barak Obama late in December 2010 included several provisions that may directly or indirectly impact non-profit organizations. A summary of key provisions follows: The most immediate benefit felt by …

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Non-Profit Tax Breaks In Danger

“Strapped Cities Hit Nonprofits with Fees” reports The Wall Street Journal in its December 27, 2010 issue. What’s it all about? Apparently, many municipalities are reconsidering the many special tax breaks received by non-profits. Typical is the exemption from property taxes offered in much of the nation. As an official from the National Council on …

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Proposal to Balance the Federal Budget on the Backs of Charities…

The co-chairs of President Obama’s deficit commission released a proposal this past Wednesday that threatens to limit tax breaks for charitable donations. According to the a recent article in the Chronicle of Philanthropy (http://bit.ly/lfnp133j), the committee co-chairs feel that limiting the tax breaks on charitable donations is a possible way to curtail the nation’s budget …

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