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tax exempt number
More than 10.000 documents for tax exempt number
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You can learn a lot scouring the IRS' databases of tax-exempt organizations, as SFR did last week. Such as: The number of nonprofit organizations in Santa Fe increased slightly last year, to 1,196. Most of those organizations are tiny; 674 reported no revenue at all. Beyond that, it gets complicated. Unlike personal income tax returns, which most people file near the April 15 deadline, nonprofits follow different fiscal calendars. As of last month, 71 Santa Fe nonprofits had filed returns at some point in 2009.
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In accordance with the requirements of the Privacy Act of 1974, as amended, the Department of the Treasury (Treasury) amends this part to partially exempt a new Internal Revenue Service (IRS) system of records entitled ``Treasury/IRS 37.111--Preparer Tax Identification Number Records'' from certain provisions of the Privacy Act.
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Some people assume that bonuses or incentive payments are not allowed for tax-exempt organizations. It seems these individuals operate under the assumption that these forms of "extra" compensation are somehow not compatible with their expectations for a charitable or tax-exempt organization. The fact is, however, that tax-exempt organizations can and do use variable, performance-based compensation. The number of organizations using them has grown over the years and, depending on the particular sector (e.g., hospitals, trade/professional organizations, etc.), they may be prevalent.
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FARMINGTON -- A Draper man is facing felony charges for allegedly obtaining and using a state tax exemption to avoid as much as $23,000 in state sales taxes. Clarence Thomas Morse, 60, was charged Feb. 11 in 2nd District Court with one count of communications fraud and five counts of tax evasion, all second-degree felonies, in connection with creating a front company, Remington Commercial Leasing LLC, to obtain a sales- tax exempt number, said Utah Tax Commission spokesman Charlie Roberts.
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There seems to be a number of stories of executive pay practices exposed in tax-exempt organizations. Rarely is much attention given to the specifics of the organization or the qualifications required of the executive in question. The story usually focuses on the paradox of "not-for- profit" versus an allegedly "outrageous" amount of compensation.
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SCHAUMBURG, Ill., March 10, 2011 /PRNewswire/ -- The American Veterinary Medical Association (AVMA) applauds U.S. Senators Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, for introducing the Veterinary Medicine Loan Repayment Program Enhancement Act. The bipartisan legislation will help the country address a critical shortage of veterinarians serving our rural areas by making the Veterinary Medicine Loan Repayment Program (VMLRP) tax-exempt, thereby increasing the number of veterinarians who can participate in the program. The act would also apply to similar state programs that encourage veterinarians to practice in underserved communities.
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Some ownership and holding restrictions placed on S corporations have been relaxed by provisions of the Small Business Job Protection Act of 1996. Electing small business trusts and some tax-exempt entities will become eligible S corporation shareholders, and the maximum number of shareholders allowed will increase from 35 to 75. S corporations can now own 80% or more C corporation subsidiaries and qualified S subsidiaries. The five-year waiting period for reelection of S status for revocations or terminations before 1997 has been removed, and IRS discretion regarding elections has been expanded.
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DAYTON -- Investigators with the FBI and the Montgomery County Prosecutor's Office interviewed a local minister this week after the Dayton Daily News reported that a group run by the Revs. Raleigh Trammell and Wilburt Shanklin falsely used another organization's nonprofit, tax-exempt status and tax identification number in filings with the Internal Revenue Service and in applications for public funding from county agencies. The Rev. Sylvester Walker, executive secretary of the Ohio Baptist General Convention, said the investigators interviewed him Tuesday, June 22, about the misuse of the convention's tax exemption by the Interdenominational Ministerial Alliance. The IMA used the convention's status for at least 12 years in applications it used to collect $1.8 million in taxpayer money ...
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SCHAUMBURG, Ill., July 21 /PRNewswire-USNewswire/ -- The American Veterinary Medical Association (AVMA) today applauded U.S. Senators Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, for introducing the Veterinary Medicine Loan Repayment Program Enhancement Act (S. 3621). The bipartisan legislation will help the country address a critical shortage of veterinarians serving our rural areas by making the Veterinary Medicine Loan Repayment Program (VMLRP) tax-exempt, thereby increasing the number of veterinarians who can participate in the program. The act would also apply to similar state programs that encourage veterinarians to practice in underserved communities.
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With a public-sector deficit at the time at more than eight per cent of gross domestic product, and the administration turning to the International Monetary Fund (IMF) for loans, the Government announced a tax package of more than $18 billion, including a hike in the tax on petrol and removal of the exempt and zero-rated status from a number of items that escaped the general consumption tax (GCT). The implementation of the GCT arrangement was badly bungled. Then two weeks ago, faced with a humongous fiscal deficit and a need to satisfy IMF preconditions for US$1.2 billion in credit. Mr [Audley Shaw] unveiled a J$21-billion tax package, which included raising the rate of the GCT by one percentage point to 17.5 per cent, and narrowing the goods and services exempt or zero-rated for the ta...
