CUNA, NASCUS, CUNA Mutual Group and AACUL ask IRS to make sure not to repeat last year's kerfuffle.
Trades say no indication that credit union tax exemption on the firing line.
Regarding the Editor’s Column [“Congress: Expand CU Business Lending Now,” April 4 issue].
Community banks trade group includes focus on credit union tax exemption,
Record-keeping error led to letter to several dozen credit unions saying they were no longer tax-exempt.
Independent Community Bankers of America also vow to fight raising of member business lending cap.
While credit unions are often asking Congress to do something, when it comes to taxation no news is good news.
At press time, the fate of the credit union tax exemption was still up in the air.
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.
Agency says not filing forms threatens tax-exempt status for some state-chartered CUs.