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2008-07-06 need to file form 1023: On the top of page number 19 of: IRS Publication 557 "Tax Exempt Status for Your Organization" www.irs.gov/pub/irs-pdf/p557.pdf we see, "These organizations are exempt automati- cally if they meet...
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2008-07-05 advanced ruling period ends: The organization will not owe back taxes simply because it did not do a good job. It would, however, owe back taxes if insiders gained more than reasonable compensation (known by the IRS as excess benefits)...
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2008-07-05 booster club scholarships: It is not a violation of IRS regulations if a 501(c)(3) organization awards scholarships years after receiving its exemption determination letter, even though Schedule H was not included years ago in the...
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2008-07-05 association dues/fees: I would need to know the subsection of Internal Revenue Code Section 501(c) that the organization was incorporated under and under which it received IRS exemption determination. Then I will be able to...
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2008-07-05 improper fundraising proceeds distribution: You should have the Board take the money from those individual accounts and put it back into the general fund after advising the families of the illegal nature of that previous operation. As for the money...
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