IRS

• Pittsburgh CU CEO Says It Has No Major Role in Fed Probe of Police Chief

  By Peter Strozniak  |  February 22, 2013

  Karen Janoski of Greater Pittsburgh Police FCU says IRS/FBI investigators sought documents but that credit union not a focus in case.

• Tax Exemption Repeal Would Cost Billions: NAFCU

  By David Morrison  |  September 24, 2012

  Ending credit unions federal tax exemption would cost the country billions in lost revenue and jobs, according to a study commissioned by NAFCU.

• IRS Tells CUs How to Resolve Tax-Exempt Snafu

  By Heather Anderson  |  August 27, 2012

  Letter lays out how credit unions told they have no tax exemption can prove that's not so.

• CU Trades to IRS: Watch Out for Erroneous Automatic Tax Exemption Revocations

  By Heather Anderson  |  May 21, 2012

  CUNA, NASCUS, CUNA Mutual Group and AACUL ask IRS to make sure not to repeat last year's kerfuffle.

• Trades Weigh in on IRS Regs for 457 Plans

  By Michelle A. Samaad  |  February 12, 2012

  With some recent suggestions from both CUNA and NAFCU, the IRS may be one step closer to providing guidance on determining whether a retirement plan offered by federal credit unions are considered a governmental plan under the Internal Revenue Code.

• IRS Admits Error on CUs' Tax-Exempt Status

  By Claude R. Marx  |  February 8, 2012

  Record-keeping error led to letter to several dozen credit unions saying they were no longer tax-exempt.

• Exec Comp: IRS May Resolve 457 Plan Questions

  By Michelle A. Samaad  |  December 11, 2011

  The Internal Revenue Service recently announced that it plans to issue proposed regulations to clarify how 457 Plans are used.

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  IRS May Finally Resolve FCU 457 Plan Questions: Print Preview

  By Michelle A. Samaad  |  December 9, 2011

  This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.

• IRS to Some CUs: You Are Not Tax Exempt

  By Claude R. Marx  |  September 18, 2011

  Some state-chartered credit unions have been told by the Internal Revenue Service that they are no longer tax exempt because the IRS hadn’t received their 990 forms.

• Trades Working With CUs, IRS on Exemption Issue

  By Claude R. Marx  |  September 15, 2011

  Agency says not filing forms threatens tax-exempt status for some state-chartered CUs.