The IRS automatically revokes 501(c)(3) tax-exempt status from nonprofit organizations that don’t file tax returns for three years. While revocation is automatic, reinstatement of 501(c)(3)…
Category: Nonprofit Tax Guidance
Expert insight into nonprofit tax matters.
Navigate the complexities of nonprofit tax law with confidence. This category offers clear explanations, filing tips, and strategies to maintain your tax-exempt status and avoid costly mistakes.
Let me introduce you to We Help People, Inc. While the organization is fictitious, it is based on past clients’ experience when the IRS revoked…
For every nonprofit, understanding and fulfilling tax obligations is critical to legal compliance. Form 990, the IRS annual report that nonprofits must file, is central…
Receiving 501(c)(3) tax-exempt status from the IRS is a long process that every nonprofit must go through. However, that status can very quickly disappear without…
Understanding the distinctions between a public charity and a private foundation is essential for nonprofit organizations—especially when it comes to navigating annual tax filing requirements. The IRS…
Nonprofit organizations play a crucial role in serving communities and addressing societal needs. However, beyond the altruistic mission lies a crucial administrative task—complying with IRS…
As the 2024 nonprofit tax season unfolds, it’s crucial to revisit the essentials of Form 990 to ensure your 501(c)(3) organization remains in compliance with…
The majority of tax-exempt organizations formed each year typically fall within IRS tax code 501(c)(3), which operate as either public charities, private foundations, or private…
Most individuals or groups seeking to found a nonprofit are typically seeking to found a public charity, or a type of 501(c)(3) organization. Most people…
Every year, thousands of nonprofit organizations are formed. Most of these fall under the category of a 501(c)(3). These are the organizations that most people…