Nonprofit Law Basics: Help with IRS Form 990
Since the IRS Form 990 is due for many organizations on May 15, we have provided a cursory list of terms you will find on IRS form 990 and 990EZ. Here is help with IRS Form 990. Help from Texas nonprofit attorney lawyer
501(c)(7) Social Clubs and Recreational Organizations – How to stay tax-exempt
Fraternities, country clubs, hobby clubs and sports clubs all are examples of groups organized for social, recreational and similar nonprofit purposes that are tax exempt under Section 501(c)(7) of the Internal Revenue Code. What is a 501(c)(7) social organization? Not all tax-exempt organizations are private foundations or public charities. Under Internal Revenue Code Section 501(c)(7), social […]