Nonprofit Corporations: Tax Exemption

What It Takes to Qualify for 501(c)(3) Tax-Exempt Status

Nonprofit Corporations: Tax Exemption

http://www.nolo.com/products/nonprofit-corporations-tax-exemption-np1c2.html

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Nonprofit Corporations: Tax Exemption

, Attorney

, 2nd Edition

Get the legal lowdown on what makes a nonprofit corporation exempt from federal income taxes with this user-friendly kit. Written by corporations expert Attorney Anthony Mancuso, the kit carefully lays out:

  • what kinds of organizations are eligible for exemption
  • the limitations to be aware of when trying to qualify for the exemption
  • the differences between public charities and private foundations

See below for a full product description.

Forming a nonprofit corporation doesn't make much sense unless you obtain a federal income tax exemption for your organization, a process that usually occurs under Internal Revenue Code Section 501c3.

If you're confused by the above, read on. You need this kit!

This easy-to-read resource explains the basic requirements of this important tax exemption. Written by corporations expert Attorney Anthony Mancuso, the kit carefully lays out:

  • what kinds of organizations are eligible for exemption
  • the limitations to be aware of when trying to qualify for the exemption
  • the differences between public charities and private foundations

Thousands of successful organizations have been founded using Mancuso's self-help materials -- make your nonprofit the next.

ISBN
9780873377348
  • Anthony Mancuso

    Anthony Mancuso is a corporations and limited liability company expert. He graduated from Hastings College of Law in San Francisco, is a member of the California State Bar, writes books and software in the fields of corporate and LLC law, and studies advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) companies, most recently working on a C++ open-source integrated circuit database project team. He is the author of several Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. His titles include Incorporate Your Business, How to Form a Nonprofit Corporation (national and California editions), Form Your Own Limited Liability Company, The Corporate Records Handbook, and LLC or Corporation? His books have shown over a quarter of a million businesses and organizations how to form a corporation or LLC. He also is a licensed helicopter pilot and has performed for years as a guitarist in many musical idioms.

  • Section 501(c)(3) Organizational Test
  • Valid Purposes Under Section 501(c)(3)
  • Charitable Purposes
  • Religious Purposes
  • Scientific Purposes
  • Literary Purposes
  • Educational Purposes
  • Other Requirements for 501(c)(3) Groups
  • Unrelated Business Activities
  • Limitation on Profits and Benefits
  • Limitation on Political Activities
  • Information for Specific Questions About Your Group’s Activities
  • The Importance of Public Charity Status
  • How to Qualify for Public Charity Status
  • Automatic Public Charity Status
  • Public Support Test
  • Attraction of Public Support Test
  • Exempt Activities Support Test
  • Private Foundations
  • Background
  • Operating Restrictions
  • Limitation on Deductibility of Contributions
  • Special Types of Private Foundations