The IRS changed the submission process for groups that intend to operate as 501(c)4 tax-exempt organizations, requiring them to submit forms through Pay.gov.

Nonprofit organizations never need to apply for and earn 501(c)(3) status, and many don't, based on their goals. In addition to 501(c)(3) status, nonprofits have dozens of other options for gaining ...

On March 17, 2023, the IRS Exempt Organizations and Government Entities Division published two Technical Guides: (1) TG 1 Instrumentalities of the United States, Government Corporations, and Federal ...

This article originally appeared on SportsEngine. Republished here with permission. Youth sports organizations are often run by people who are volunteers. Sometimes one volunteer within the group ...

Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit, ...

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 ...

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 ...

While Internal Revenue Code Section 501(c)(3) organizations are the typical vehicle for philanthropy, many organizations enjoy tax-exempt status under IRC Sections 501(a) and 401(a), such as trade ...

If you’re planning to form a nonprofit organization, it’s important to understand that not all 501(c) groups are created equal. There are dozens of options, but some are more common than others. As a ...

Nonprofits need specialized accounts and services, high fee-free transaction limits and cash deposit allowances. See our guide to the best banks for nonprofits. Banks and fintech providers continue to ...

The U.S. Department of the Treasury and the Internal Revenue Service have issued new guidance relaxing rules on what some tax-exempt groups must disclose to the IRS. “It is important to emphasize that ...