This article, written by Attorney Robert H. Levin, outlines the procedural choices open to Maine nonprofit organizations as they decide whether and how to seek property tax exemption in the face of municipal resistance. This article offers a chronological guide to the property tax exemption...
PrimerPropertyTaxProceduralChoices.pdf
#HR #tax
If an exempt organization regularly carries on a trade or business not substantially related to its exempt purpose the organization is subject to tax on its income from that unrelated trade or business. This can sometimes apply to revenue from corporate partnerships. These resources outline the...
Only some nonprofits are eligible for exemption from state sales tax. This link provides information from Maine Revenue Services to help nonprofits determine if they may be exempt from sales tax, including how to apply for sales tax exemption. #tax
Reporting requirement provides an opportunity to educate potential donors, grantors, and board members on the organization’s merits. #reporting #tax
Nonprofit tax-exempt organizations – even those operated by volunteers – must be aware of employment tax issues. Exempt organizations normally withhold and pay employment taxes under the same rules as other entities. #tax #HR
#tax