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Nonprofit Corporations: Tax Exemption

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

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.

  • Product Details

    • 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
    Legal Updates
  • About the Author

    • Anthony Mancuso

      Anthony Mancuso is a California corporations and limited liability company expert. A graduate of Hastings College of the Law in San Francisco, Tony is an active member of the California State Bar, writes books in the fields of corporate and LLC law, and has studied advanced business taxation at Golden Gate University in San Francisco. He has also been a consultant for Silicon Valley EDA (Electronic Design Automation) and other technology companies. He is currently employed at Google.

      Tony is the author of many Nolo books on forming and operating corporations (both profit and nonprofit) and limited liability companies. Among his current books are The Corporate Records Handbook, How to Form a Nonprofit Corporation, Form Your Own Limited Liability Company, and LLC or Corporation? His books have shown businesses and organizations how to form a corporation or LLC for decades. Tony is also a licensed helicopter pilot and guitarist.

  • 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