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

The Bloomberg BNA Tax Management Weekly State Tax Report filters through current state developments and analyzes those critical to multistate tax planning.

 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.