Do foreign FIFA teams have to file Form 990 for the 2026 World Cup? In most cases, no. New FIFA World Cup 990 relief under IRS Rev. Proc. 2026-28 waives Form 990 for eligible foreign member associations, but only for tax years in which their U.S.-source income is tied to competing in the tournament. The…
Can a nonprofit still claim the direct-pay clean energy credits if it needs more time to file? Yes — but only if it files Form 8868 for a 990 T elective payment extension by the original due date. Miss the deadline and the election is lost for tax year 2025. Since the enactment of the…
How do central organizations report their subordinates to the IRS in 2026? With new IRS Form 15644. Under Revenue Procedure 2026-8, every central organization that holds a group exemption letter must file Form 15644 each year, at least 30 but not more than 90 days before the close of its annual accounting period. If your…
