This blog will answer five common questions we get regarding what can and should be done by an exempt organization before receiving its determination letter.
Understanding Nonprofits In our world, there’s no shortage of ways to contribute positively. This can take many forms, from a group of neighbors coming together
501(c)(3)s are limited in their ability to lobby. Federal tax law restricts a 501(c)(3)’s lobbying activities under either the substantial part test or expenditure test.
The 1023-EZ is a good faith effort by the IRS to make the 501(c)(3) application process more efficient and accessible.
Nonprofit organizations, like other taxpayers, are required to issue Form 1099-NEC to report nonemployee compensation.
Forming an Arizona nonprofit takes a lot of time, effort, and resources, but it can be a smooth and painless process with the right team.
The CTA introduces new reporting requirements for certain U.S. companies. Tax-exempt organizations are not required to file these reports.
Ultimately, the decision between state and federal registration depends on the unique circumstances and position of each nonprofit.
While the calendar year is the default option, nonprofits have the flexibility to choose a different fiscal year that aligns better with their operations and reporting needs.
The need to register is triggered by active solicitation efforts such as sending out mailers or participating in commercial co-ventures. The charity does not need to actually receive a donation to trigger registration in many states.
Most states require you to register your organization if you solicit donations from their residents. Many states also require registration if your organization collects substantial or ongoing donations from their residents, even if you aren’t specifically targeting donors in that state. Download our comprehensive list of each state’s requirements.
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.