The IRS recently issued a Private Letter Ruling (the “PLR”) revoking a hospital organization’s section 501(c)(3) status for failing to comply with the section 501(r) requirements. 1 In what may be a ...

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 ...

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 ...

An organization doesn't have to file for not-for-profit status with the IRS in order to collect charitable donations. But it helps. Securing not-for-profit status means the organization can be exempt ...

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 ...

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) ...

The Internal Revenue Service has released a new revenue procedure and regulations outlining how organizations can notify the IRS they are operating as tax-exempt social welfare groups under Section ...