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.

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 ...