How Does A Nonprofit Obtain Tax Exemption Status?
TAX EXEMPTION STATUS The major benefit of charitable nonprofit organizations is that they may qualify for exemption from Federal and State income tax. In addition, corporate donors may deduct contributions to organizations that are exempt under section 501(c)(3) of the Internal Revenue Code from their personal Federal income tax. A tax professional must be retained …
How Does A Nonprofit Obtain Tax Exemption Status? Read More »
