Tax Exemption under IRC 501(c)

The Difference Between 501(c)(3), 501(c)(4) & 501(c)(7) Selecting the proper tax structure for your organization will have a significant impact on the activities you can undertake, how the organization is operated and what transactions are considered tax exempt for the organization and tax deductible for your donors. Section 501(c) of the Internal Revenue Code lays out specific organizational definitions and Read More

IRS Admits Targeting Conservative Orgs

The Internal Revenue Service is supposed to act in a completely nonpartisan manner when examining exempt organizations, but now they're in quite a bit of hot water for inappropriately flagging conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt status. Organizations with specific terms on their exemption applications including "patriot" and Read More