Tax Cut

Clear-cut answers to all procedural and tax process questions An indispensable guide through the complex maze of nonprofit tax rules and regulations, this book provides clear, concise instructions for filing Form 990s and other important IRS forms and documents. It also provides practical guidance on obtaining the tax exemption; reporting to boards, auditors, and the IRS; testing ongoing tax compliance; and managing lobbying expenditure. This practical guide provides guidance for the significant issues facing nonprofit organizations: unrelated business income, private inurement, affiliations, and employment taxes, and it includes handy checklists and complete citations. As an added bonus, this text is supplemented annually to keep subscribers up-to-date on relevant changes in IRS forms, requirements, and related tax procedures.

Tax cut - A tax cut is a reduction in the rate of tax charged by a government, for example on personal or corporate income. Whether a given tax cut will increase or decrease total tax revenues is much discussed by both economists and politicians.

Kemp-Roth Tax Cut - The Kemp-Roth Tax Cut (officially the Economic Recovery Tax Act of 1981, Pub. L.

Tax Cut Era - President Ronald Reagan's 1980 presidential election victory ushered in this era of tax cuts. He famously stated, "Government isn't the solution to problems, Government is the problem.

Tax Equity and Fiscal Responsibility Act of 1982 - The United States Tax Equity and Fiscal Responsibility Act of 1982 rescinded some of the effects of the huge Kemp-Roth Tax Cut passed the year before.

taxcut

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