all of Section 2 and the date will need to be filled out on the Form IRS "Determination Letter": Companies may request verification of Purdue's tax-exempt status or "501(c)(3) status". This letter ...

Family foundations can offer benefits, but they may be subject to IRS scrutiny. Knowing the rules could help avoid a costly tax audit.

501(c) Groups — Nonprofit, tax-exempt groups organized under section 501(c) of the Internal Revenue Code that can engage in varying amounts of political activity, depending on the type of group. For ...

A nonprofit is a tax-exempt corporation that returns its net earnings to its mission. Learn about IRS rules for nonprofits.

The IRS identifies the different types of nonprofit organizations by the tax code by which they qualify for exempt status. One of the most common forms is 501(c)(3), which is set up to do ...

What Is Form 990: Return of Organization Exempt From Income Tax? Even organizations exempt from paying federal income tax must report their activities annually to the Internal Revenue Service (IRS).

Tax-exempt organizations with a calendar year-end (December 31) must file a return or request an extension by May 15, 2023. The annual filing due date for the Form 990-series (Forms 990 ...

exemptions for 501(c)(3)s and other federally tax-exempt organizations (you can read about the exemptions here). However, an initial exemption filing, followed by ongoing annual filings ...