Non-Profits and Sales and Use Tax: Dealing With Common Misconceptions to Avoid Liability

Daily Tax Report: State provides authoritative coverage of state and local tax developments across the 50 U.S. states and the District of Columbia, tracking legislative and regulatory updates,...

 Any organization, even including “tax exempt” non-profit entities, can find themselves in tax debt quickly when they fail to plan their transactions appropriately. In this article, Michael Miller of Merit Advisors L.P. gives insight on how to avoid costly sales and use tax assessments by understanding general tax law provisions, knowing when and how a non-profit organization is exempt from tax and knowing when to ask more questions.