Month: February 2026

IRS Releases 2026 Standard Mileage Rates What Taxpayers and Nonprofits Need to Know

IRS Releases 2026 Standard Mileage Rates: What Taxpayers and Nonprofits Need to Know

Meta Description The IRS has released the 2026 standard mileage rates under Notice 2026-10. Learn the updated rates for business, medical, moving, and charitable use, and what the changes mean for taxpayers and organizations. Focus Keywords 2026 standard mileage rates IRS Notice 2026-10 business mileage rate 2026 charitable mileage deduction medical mileage rate 2026 tax …

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Revenue Procedure 2026-5 Key Updates for Tax-Exempt Organization Determination Letters

Revenue Procedure 2026-5: Key Updates for Tax-Exempt Organization Determination Letters

Meta Description Revenue Procedure 2026-5 outlines updated procedures for IRS determination letters on tax-exempt and private foundation status. Learn what changed, what stayed the same, and how the updates affect exempt organizations. Focus Keywords Revenue Procedure 2026-5 IRS determination letter procedures tax-exempt status determination private foundation status IRS nonprofit IRS procedures tax-exempt organization compliance Introduction …

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College Sports Face Growing Tax Scrutiny What Tax-Exempt Institutions Need to Know

College Sports Face Growing Tax Scrutiny: What Tax-Exempt Institutions Need to Know

Meta Description College sports are under increasing tax scrutiny as NIL deals expand and policymakers question the tax-exempt status of the NCAA and universities. Learn how IRS guidance, congressional inquiries, and ongoing litigation could reshape tax treatment. Focus Keywords college sports tax exemption NIL collectives tax status IRC Section 501(c)(3) college athletics unrelated business income …

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New Federal Tax Credit for Donations to Scholarship Granting Organizations What Taxpayers and Nonprofits Need to Know

New Federal Tax Credit for Donations to Scholarship Granting Organizations: What Taxpayers and Nonprofits Need to Know

Meta Description The 2025 Act introduces a new federal tax credit for donations to scholarship granting organizations. Learn how the credit works, who qualifies, key limitations, and what nonprofits and taxpayers should consider moving forward. Focus Keywords scholarship granting organization tax credit2025 Act education tax creditdonations to scholarship organizationsnonrefundable tax credit educationSGO tax credit rulesnonprofit …

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