There is nothing out of the ordinary for a nonprofit, exempt organization to give free tickets to their events to large donors and, in some cases,...

In Illinois is it legal for a public school to operate a business that competes directly with a local business finance by taxes

I believe that you address something commonly known as the "commerciality" doctrine - which prohibits a nonprofit organization from operating...

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Not for Profit Corporations

Under current practice at the IRS, the only time that an LLC can be recognized as exempt under section 501(c)(3) of the IRC is when it can be a...

The answer to your question is most likely "yes," but your non-profit, and it's board, should be aware of the potential pit-falls of these types of...

"Nonprofits" come in many forms... some are legally formed or chartered within a state (nonprofit corporations, typically) but other nonprofit...

Endorsing of any political candidate, where the exempt entity is actually named will be evaluated using a "facts and circumstances" test by the...

My wife and I are thinking of taking over her bosses non profit payee service when he retires is that legally possible?

This question raises more questions than answers... one does not simply "take over" a nonprofit organization when someone retires, as governance...

What is the difference between an LLC, a for-profit corporation, and a non-profit corporation? Which is best for seeking 501-3-C

The easiest entity to use in order to obtain nonprofit, tax-exempt status under section 501(c)(3) of the IRC is as a nonprofit corporation. A...

Non-resident alien and capital gain tax on incentive stock options

I believe that your questions require answers that go beyond the general nature this website is designed to provide, and I would encourage you to...

Is it too late to register my 501c3 not for profit with the IRS formed in 2010 ?. Not revenue , activity or taxes filled ..

It's not too late to seek exemption under 501(c)(3) of the Internal Revenue Code. You are, however, likely to face a few obstacles for filing later...