Nonprofit Corporations: Tax Exemption
What It Takes to Qualify for 501(c)(3) Tax-Exempt Status
- Product Details
- 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
- About the Author
- Table of Contents
- 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
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:
Thousands of successful organizations have been founded using Mancuso's self-help materials -- make your nonprofit the next.