Corporations seek nonprofit status by filing an application with the IRS, which grants this status under Title 25, Section 501(c) of the Internal Revenue Code. Two similar 501(c) classifications are ...

Tax-exempt organizations facing potential IRS revocation of their status should be aware of the significant legal, financial and operational implications, as well as the options available to challenge ...

With over a decade of experience as a small business technology consultant, Alana breaks down technical concepts to help small businesses take advantage of the tools available to them to create ...

The Internal Revenue Service (IRS) issued Notice 2021-56 - Standards for Section 501(c)(3) Status of Limited Liability Companies as its first attempt to set the standards for a limited liability ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he ...

BLOOMINGTON, Ind. — The NIL charitable organization Hoosiers For Good received federal 501(c)3 status making it one of the first NIL organizations in the country to earn a federal tax exemption. All ...

When The Salt Lake Tribune announced it was seeking nonprofit status from the IRS, many observers were intrigued but skeptical that the 148-year-old newspaper could pull it off. After all, no previous ...

NEW YORK (Reuters) - Even if you have a brilliant idea for a new charity, your altruistic intentions could get derailed by a morass of complicated 501(c)3 tax rules and regulations. There is an ...

Officials with Dallas Does Dance, a nonprofit organization dedicated to providing accessible dance education and performance opportunities for the LGBTQ+ community and its allies, announced July 5 ...

CHEYENNE, Wyo.--(BUSINESS WIRE)--The DigiByte Alliance, founded to support education and innovation for the DigiByte blockchain, has been granted 501(c)(3) status by the Internal Revenue Service (IRS) ...

In Letter Ruling 202428008, the IRS denied tax-exempt status for an organization formed to facilitate arrangements by which student-athletes are compensated for their name, image, and likeness (NIL), ...

CLEVELAND--(BUSINESS WIRE)--Tremco Construction Products Group (CPG), a global construction products manufacturer, is proud to announce that its Tremco Rising Stars Program has officially transitioned ...