Tag: 2024

IRS Extends Nonprofit Filing Deadlines in New Mexico and Texas for 2025 Disasters

July 16, 2025 Nonprofits in New Mexico and Texas Gain Tax Relief After 2025 Storms The IRS has announced tax relief for nonprofits affected by severe weather events in 2025, extending filing and payment deadlines to February 2, 2026, for those in disaster areas of New Mexico and Texas. Nonprofits should verify their IRS address […]

IRS Extends Nonprofit Filing Deadlines in Tennessee and Arkansas for 2025 Storms

April 14, 2025 Nonprofits in TN and AR Gain Tax Relief After April 2025 Disasters The IRS has announced tax relief for nonprofits affected by severe storms, tornadoes, and flooding starting April 2, 2025, extending filing and payment deadlines to November 3, 2025, for those in disaster areas of Tennessee and Arkansas. Nonprofits should verify […]

North Carolina Nonprofits Gain Extra Time After Hurricane Helene

April 24, 2025 IRS Extends Nonprofit Deadlines in North Carolina for Hurricane Helene Recovery Due to Hurricane Helene’s lingering effects starting September 25, 2024, the IRS extended tax deadlines for nonprofits across all of North Carolina (IRS notice NC-2025-01, April 17, 2025). Nonprofits with filing or payment deadlines from September 25, 2024, to September 25, […]

IRS Grants Tax Relief for Nonprofits in Kentucky and West Virginia After 2025 Storms

April 2, 2025 Kentucky and West Virginia Nonprofits Get Extended Deadlines The IRS extended filing deadlines for nonprofits in all of Kentucky (IRS notice KY-2025-02, February 2025) and Boone, Greenbrier, Lincoln, Logan, McDowell, Mercer, Mingo, Monroe, Raleigh, Summers, Wayne, and Wyoming counties in West Virginia (IRS notice WV-2025-02, February 2025) due to severe storms, winds, […]

Utah Streamlines Nonprofit Compliance

January 1, 2025 Utah’s HB 43 Eases Nonprofit Solicitation Rules, Adds Form 990 Filing Utah’s House Bill 43, signed on March 13, 2024, reforms the Charitable Solicitations Act. Effective May 1, 2024, nonprofits not incorporated or registered as foreign entities in Utah are exempt from charitable solicitation registration, and pre-notification for charitable sales promotions is […]

Massachusetts Adjusts Financial Thresholds

November 20, 2024 Massachusetts Eases Nonprofit Financial Reporting with Economic Development Bill Massachusetts’ Economic Development Bill (H.5100), signed into law on November 20, 2024, and effective immediately, updates financial reporting for public charities. The bill raises the audit threshold from $500,000 to $1,000,000 in gross support and revenue, requiring only a reviewed financial statement for […]

Nonprofits in Israel, Gaza, and West Bank Get Tax Relief

October 1, 2024 IRS Extends Nonprofit Deadlines for Israel Terrorist Attack Victims The IRS provides tax relief for nonprofits affected by the terrorist attacks in Israel starting October 7, 2023, covering those with an IRS address in Israel, Gaza, or the West Bank (IR-2024-252). Nonprofits with filing or payment deadlines from October 7, 2023, to […]

Mississippi Mandates Annual Reports for Nonprofit Corporations

May 15, 2025 Mississippi’s HB 1344 Introduces New Nonprofit Reporting Requirement Signed into law in April 2024 as Chapter 410, and effective July 1, 2024, House Bill 1344 requires all domestic and foreign nonprofit corporations registered with the Mississippi Secretary of State to file annual reports by May 15 each year, starting in 2025. The […]

Tennessee Updates Charity Fees and Audit Threshold

July 1, 2024 Tennessee’s House Bill 1707 and House Bill 1708, both signed into law in April 2024 and effective July 1, 2024, modernize the Charitable Solicitations Act. HB 1707 (signed April 3, 2024) renames the Act and introduces key changes, including requiring charities to file agreements for charitable sales promotions, mandating signage on donation […]