6 Common Tax Deductions for Nonprofits
Revenue generated by 501(c)(3) organizations is generally exempt from federal income tax. But in some cases, your not-for-profit may incur unrelated business income tax (UBIT) on revenue. The good news is your annual tax return Read More
Jun 08, 2022
Danger! How Nonprofits Often Lose Their Tax-Exempt Status
With all the legal hoops involved, it can be difficult for a not-for-profit to secure its tax-exempt status. The last thing you want after gaining this critical designation is to lose it. In the current Read More
Jun 24, 2021