A sales tax is a government fee imposed on the sale of a product or service. There are several different types of sales taxes used by governments around the world: Retail sales tax: A...

We all know that feeling of disappointment when you fail to hit your $1 billion nonprofit fundraising goal and only raise $130 million instead, but it's how you deal with that disappointment that...

Inurement is just another word for benefit. Private inurement is legal jargon for when a nonprofit board member or insider uses their control over the nonprofit to obtain personal benefits, at the...

Unrelated business income tax (UBIT) is a tax on certain types of income earned by nonprofits. Essentially, most nonprofits must be chartered with a particular tax-exempt purpose that the IRS agrees...

The answer to whether a corporation can be a partner in a partnership depends on how the partnership is taxed. There are several common types of partnerships: General partnerships (GPs), limited...

The IRS does not allow investors to directly 1031 exchange into a REIT, but you can indirectly 1031 into a REIT by first 1031 exchanging into a Delaware Statutory Trust (DST) which is already in the...