Posts tagged 501(c).
As organizations are ramping up for 2016, it is increasingly important they have their administrative ducks in a row for the year to come. This is especially true for tax-exempt organizations operating under a model using local chapters or affiliates (as opposed to wholly-owned organizations), and even more so if those local chapters or affiliates are relying on their central organization for tax-exempt status. If the local chapter or affiliate does not comply with IRS regulations governing such a structure, it may lose its tax-exempt status and be taxed on its income as if it were a ...
Posted in: Federal Tax, Nonprofit Organizations and Benefit Plans
Tags: 501(c), group exemption letter, integral part doctrine, IRS, Non profit, tax exempt organizations