To preserve their tax-exempt status, nonprofits are required to file a return with the IRS Form 990 series each year. This series includes a set of annual information returns that...
Nonprofit compliance is not one-size-fits-all. While federal tax exemption under Section 501(c)(3) is a major milestone, each state has its own unique set of requirements for registering and operating a...
An organization qualifies as tax-exempt if its primary purpose falls under the criteria set by the IRS. This includes the allocation of profits and ongoing compliance.