This week the Michigan Supreme Court in Baruch SLS Inc v Township of Tittabawassee (MSC Docket No 152047) clarified how the factors are to be considered in determining whether real property is exempt from taxation. Continue reading Michigan Supreme Court Clarifies Eligibility for Charitable Property Tax Exemption
Tag: Charity
NonProfits Beware….There are new rules by the IRS for Donor and Grantmakers
The IRS has recently updated rules relating to donations and transfers to nonprofit organizations by donors and sponsors of donor-advised funds (DAFs). These rules are utilized by donors to assure themselves that their donations are eligible for charitable income tax donation and by DAFs who are required to exercise expenditure responsibility.
Continue reading NonProfits Beware….There are new rules by the IRS for Donor and Grantmakers