Educational organizations that qualify for tax-exempt status under the Internal Revenue Code (IRC) Section 501(c)(3) include those that are charitable in that they “advance education.” According [...]
Taking the IRC Section 501(h) Election: Will It Allow My Nonprofit to Spend More or Less on Lobbying?
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Charitable nonprofit organizations that enjoy tax-exempt status under Internal Revenue Code (IRC) Section 501(c)(3) are subject to strict rules on the amount of legislative lobbying in which they [...]
Avoiding Tax on Political Expenditures for 501(c) Organizations: How to Create Separate Segregated Funds Under 527(f)(3)
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Various charitable and non-profit organizations have tax-exempt status under the Internal Revenue Code (IRC). However, they must comply with specific requirements to maintain their status. Limits [...]
Business leagues are organizations or associations that are tax-exempt under Internal Revenue Code (IRC) Section 501(c)(6) if they meet specific requirements. Therefore, to ensure their [...]
How to Correctly Prepare a Written Acknowledgment of a Contribution by a Donor to a Church or Other Charity
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Churches and charities that receive tax-deductible charitable contributions are subject to federal tax laws. In particular, the Internal Revenue Code (IRC) requires that donors obtain specific [...]
Social welfare organizations enjoy tax-exempt status under §501(c)(4) of the Internal Revenue Code (IRC). However, these organizations must meet certain requirements under the IRC to maintain [...]
Churches often provide housing assistance for their pastors or ministers, whether it be a church-owned parsonage or some type of housing allowance. Whatever the situation, housing allowances [...]
The bylaws of a nonprofit organization are a legally binding document that dictates how board members or directors must operate the organization. Therefore, failing to follow the bylaws can [...]
The Revenue Act of 1913, also known as the Underwood Tariff Act, established the federal income tax exemption for business leagues. This exemption continues today in Section 501(c)(6) of the [...]
IRC 527 addresses the federal taxation of political parties and organizations. This IRC section took effect for the tax year that began January 1, 1975, and established the only taxation for [...]