There’s a saying that victory has a thousand parents and defeat is an orphan.
The phrase “nonprofit tax day” may sound like an oxymoron or punchline of a joke, but it’s real. Tax-exempt organizations must pay significant new taxes to the U.S.
The Tax Cuts and Jobs Act, enacted in late December, cuts taxes on corporations and wealthier taxpayers while imposing new taxes on tax-exempt organizations, including charities and houses of worship.
