IRS issues guidance on inflation adjustments for 2013

08 Nov 2012 2:34 PM | Anonymous

Revenue Procedure 2012-41 sets forth inflation adjusted items for 2013, including a number of items of interest to tax-exempt organizations, including adjustments affecting the treatment of:

  • dues paid to agricultural or horticultural organizations
  • insubstantial benefit limitations for contributions associated with charitable fundraising campaigns
  • the reporting exception for certain exempt organizations with nondeductible lobbying expenditures
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