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 […]
IRS 2023 Tax Year Filing Update
October 11, 2024 IRS Assistance Offered to Victims of Hurricanes Helene and Milton The IRS has issued a 2023 tax year filing update wherein taxpayers in Alabama, Florida, Georgia, North Carolina, South Carolina, and parts of Tennessee and Virginia who were granted extensions to file their 2023 returns now have until May 1, 2025, to […]
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 […]