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Tag: tax-exempt

A small tree grows out of a clear glass jar filled with coins, placed on a wooden surface, against a blurred green and yellow background. This scene symbolizes the growth you can achieve by understanding how charitable donations affect your taxes.

Year-End Giving – How Do Charitable Donations Affect My Taxes?

How do charitable donations affect my taxes? After researching a charitable organization and deciding where to give your money, you... [Read more]

tax-exempt business association -management team in office silhouette

How to Start a Business Association with 501(c)(6) Status

Set-up a business association today. Our law firm offer helps business leagues, trade groups, chambers of commerce, and real estate... [Read more]

family foundations - image of hands of four generations show family connections

Benefits of a Family Foundation

A family foundation is a type of 501(c)(3) tax-exempt nonprofit organization that allows its founders to set up a formalized... [Read more]

Child and adult hands holding money Jar, shows Donations and Fundraising for Charity

How to make your donation count on Giving Tuesday and beyond

How to make your donation count on #GivingTuesday and beyond... [Read more]

Close-up view of marble columns and steps, showcasing classical architectural design with large, fluted columns and expansive stone steps leading up to an unseen structure, reminiscent of the formalities observed in nonprofit filing requirements.

Nonprofit To-Do: Update Government Agencies – Nonprofit Filing Requirements

Nonprofits are required to update government agencies, including state agencies and the IRS. Learn about nonprofit filing requirements so your... [Read more]

Person'd hand holding tablet with financial charts including unrelated business income tax

What is UBIT (Unrelated Business Income Tax)?

A 501(c)(3) nonprofit is not taxed on revenue that comes from an activity that is substantially related to the organization’s... [Read more]

kids jumping for joy shows the joy of setting up a new charity or nonprofit

What are the benefits of having 501(c)(3) tax-exempt status?

Having 501(c)3) IRS tax exempt status provides a number of benefits: exemption from federal income tax; tax-deductible contributions; possible exemption... [Read more]

A calendar close-up with the 15th circled in red, symbolizing a crucial deadline for nonprofit lawyers seeking legal help.

Nonprofit Law Basics: Do Nonprofits File Tax Returns? What is a 990?

Most nonprofit organizations are required to file annual reporting returns with the IRS. Even though tax-exempt nonprofit organizations do not... [Read more]

Missing Jigsaw Puzzle Piece shows how a nonprofit and tax-exempt fit together

What is the difference between nonprofit and tax-exempt?

There is a big difference between "non profit" and "tax exempt." Nonprofit status refers to status under state law. Tax-exempt... [Read more]

Colorful umbrella with sections of red, orange, yellow, green, blue, and purple, covered in raindrops—like a vibrant symbol under an umbrella organization offering group exemption status.

Nonprofit Q&A: What is Group Exemption?

What is a group exemption? The IRS will allow organizations that are affiliated with a central organization to apply for... [Read more]

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