Referrals/Leads Group is Not a Tax Exempt Entity
The tax laws in the United States provide for several types of tax-exempt organizations, including charities, social welfare organizations, and business leagues. In Private Letter Ruling 200709070 the...
View ArticleNon-Profit No More: The Defunct Non-Profit
People often form non-profit entities with the intent that they will get traction and take off. Not all entities do that. The entity may not be able to raise funds or secure donations, funding may dry...
View ArticleRevocation of Nonprofit Status Triggers Retroactive Interest
There are some areas of law where principles of equity and good faith play a big role. By and large, tax law does not adopt these principles. The CreditGUARD v. Commissioner, 149 T.C. 17 (2017) case...
View ArticleFuneral Expense Organization Denied Nonprofit Status
Gargamel, the antagonist in the Smurfs, is the villain. Wile E. Coyote in the Road Runner, Raquelle in Barbie, Lex Luther in Superman, the Joker in Batman, Darth Vader in Star Wars. The list goes on....
View ArticleBusiness Condo Association Denied Non-Profit Status
Non-profits do not pay Federal income taxes. Many states also exempt these entities from state income taxes. The local tax assessor may also exempt the entity from property taxes. The IRS regulates...
View Article
