Non-profit Archives - John R. Dundon II, Enrolled Agent
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Non-profit

There are indeed many ways US Tax Laws change up the social fabric of our society one of which is how the code addresses exempt organizations excise tax and UBTI.   This post reminds us of 2 excise taxes and clarifies UBTI reporting. 1 - Excise tax...

The IRS has released Form 8940, Request for Miscellaneous Determination that tax-exempt organizations will use to request certain determinations about their tax-exempt status.  In addition to foundation status issues, organizations will use this new form to obtain advance approval of certain activities and exemption from IRS Form 990 filing requirements. ...

Your organization can indeed be a nonprofit organization within your state but not be tax-exempt with the IRS. The only way to obtain FEDERAL 501(c)(3) tax-exempt status is to file IRS Form 1023. I've done this many times and felt compelled to blog about it today because the...

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