CATEGORY

Nonprofit Tax

501(c)(3)s conducting voter registration drives requires careful planning and implementation to preserve your tax-exempt status.
Nonprofit Tax

Voter Registration Drives

501(c)(3)s conducting voter registration drives requires careful planning and implementation to preserve your tax-exempt status.

Read More »
Taxable Nonprofits
Nonprofit Tax

Taxable Nonprofits

   Taxable nonprofits are those entities that are organized as nonprofit entities but do not elect to become tax-exempt.

Read More »
Public Inspection
IRS

Public Inspection  – Exempt Organization Tax Records 

Tax-exempt organizations must allow timely public inspection of their last three annual information returns and their exemption application or risk steep penalties. Many nonprofits are caught off guard when they receive their first request. Below is a summary of what must be provided and when and what may be withheld.

Read More »
Tax-Exempt Political Organizations"
IRS

Tax-Exempt Political Organizations

Generally, organizations which are exempt from taxation are listed in § 501(c) of the Internal Revenue Code (“I.R.C.”). Instead, political organizations are governed under I.R.C. § 527. 501(c) organizations are exempt from income tax for various public policy reasons, such as helping to improve lives, strengthening communities and the economy, and lightening the burdens of government. To incentivize social good, the government subsidizes 501(c) organizations by eliminating their tax burden. Conversely, political organizations organized under § 527 do not provide charitable services or improve social welfare. Rather, their sole function is to influence the election of candidates for public office.

Read More »
Who Investigates Non Profit Organizations?
Fundraising Regulation

Who Investigates Nonprofit Organizations?

While Federal tax laws are the same nationwide, state laws governing EOs can vary dramatically among the states. This article lists the most common violations by tax-exempt organizations and the agencies in charge of enforcement.

Read More »
Public Support Test
Nonprofit Tax

Public Support Test

As discussed in last week’s Nonprofit Law Jargon Buster, there are some organizations that are, by their very nature, considered public. These include churches, schools, and hospitals. Other types of charitable organizations must pass one of two mathematical tests calculated on a four year rolling average to qualify is public.

Read More »
990 filing deadline
Nonprofit Tax

Form 990 Filing Deadline for Calendar Year Taxpayers

ine to file Form 990 for calendar year taxpayers. the tax return is filed late, the IRS imposes late fees based on the organization’s gross receipts ($20 day per day for organization’s whose gross receipts are less than $1 million and $100 per day for organization’s whose gross receipts are more than $1 million).  Failure to file Form 990 for three consecutive years will result in automatic loss of tax exempt status.

Read More »
starting a church
Nonprofit Tax

Starting a Church

What is the difference between starting a church and starting another type of religious nonprofit?

Read More »
Nonprofit Tax

Taxable Subsidiaries

Income generated from activities outside a nonprofits’ exempt purpose is taxable as unrelated business income (“UBI”). One option to conduct taxable activity is to form a new company wholly owned by the nonprofit called a taxable subsidiary.

Read More »
Scroll to Top
FREE DOWNLOAD

How to Start a Non-Profit Organization

Download our free guide to learn about the many elements needed to run a successful nonprofit organization, as well as how to avoid common pitfalls and mistakes.