Nonprofit Tax Law

What is a 501c4? To be tax-exempt as a social welfare organization described in Internal Revenue Code (IRC) section 501(c)(4), an organization must not be organized for profit and must be operated exclusively to promote social welfare. Read more on www.irs.gov An important part of society is comprised of nonprofit organizations. They are there to … Read more

What is the difference between a 501c and a 501c3? Difference Between 501c and 501c3. Both types of organization are exempt from federal income tax, however a 501(c)3 may allow its donors to write off donations whereas a 501(c) does not. Read more on learn.financestrategists.com The provision of necessary services, support for social causes, and … Read more