Tax Proposals for Exempt Organizations to Watch in 2015

Source(s): 
Nonprofit Quarterly

We are only through the first quarter, and 2015 has already seen a slew of legislative proposals that could considerably impact exempt organizations. From the president’s FY 2016 budget proposal, to last year’s Tax Reform Act of 2014 (TRA 2014), to a new proposal requiring that the Internal Revenue Service (IRS) give exempt organizations notice before their exempt status is revoked for non-filing, nonprofits are in the midst of a legislative landscape potentially poised for reform.

 
As we look to the weeks and months ahead, there are several major pieces of legislation that nonprofits should be monitoring: