Forbes

Don't Use 501(c) Status As A Hallmark Of Credibility

The Katie Holmes - Tom Cruise divorce got me interested in looking at the tax issues surrounding Scientology. I opened up a Pandora's box for myself and it is going to put me behind on other things, ...
JD Supra

Standards for Section 501(c)(3) Status of Limited Liability Companies

The Internal Revenue Service (IRS) issued Notice 2021-56 - Standards for Section 501(c)(3) Status of Limited Liability Companies as its first attempt to set the standards for a limited liability ...
Houston Chronicle

Can a 501(C)(4) Corporation Apply for Grant Money?

Corporations seek nonprofit status by filing an application with the IRS, which grants this status under Title 25, Section 501(c) of the Internal Revenue Code. Two similar 501(c) classifications are ...
JD Supra

The High Stakes of Section 501(c)(3) Tax-Exempt Status Revocation: Declaratory Judgment Actions

Tax-exempt organizations facing potential IRS revocation of their status should be aware of the significant legal, financial and operational implications, as well as the options available to challenge ...
Houston Chronicle

How to Start a 501(c)(3) Organization

A 501(c)(3) organization is a nonprofit organization such as a charity, church or school. Rather than to raise money as a profit, a 501(c)(3) organization raises money for a cause-typically one that ...
Forbes

Church 501(c)(3) Status Is A Good Deal - Do Not Ruin It With Corporation Sole

When you consider what a great tax deal being a church is, you have to really feel sorry for Bruce and Sherilyn Gunkle who gave up church status for something that seemed to be even better. They ...
Nieman Journalism Lab

Here’s The Salt Lake Tribune’s plan for securing 501(c)(3) status

The IRS is complicated. So is running a 148-year-old newspaper in 2019. Three weeks and one New York Times profile after announcing its shift to staffers and readers, Utah’s Salt Lake Tribune ...
Accounting Today

IRS Issues Rules for Registering 501(c)4 Organizations

The Internal Revenue Service has released a new revenue procedure and regulations outlining how organizations can notify the IRS they are operating as tax-exempt social welfare groups under Section ...
Nieman Journalism Lab

Wondering how The Salt Lake Tribune got 501(c)(3) status? Here’s their entire application to the IRS — and the IRS’s response

When The Salt Lake Tribune announced it was seeking nonprofit status from the IRS, many observers were intrigued but skeptical that the 148-year-old newspaper could pull it off. After all, no previous ...
Accounting Today

IRS revamps application for 501(c)4 tax-exempt status

The Internal Revenue Service issued a revised Form 1024-A application Tuesday for tax-exempt status under Section 501(c)4 of the Tax Code, along with instructions permitting it to be filed ...
Business Wire

DigiByte Alliance Granted 501(c)(3) Status, Will Support Efforts to Accelerate Adoption and Innovation of the DigiByte Blockchain

CHEYENNE, Wyo.--(BUSINESS WIRE)--The DigiByte Alliance, founded to support education and innovation for the DigiByte blockchain, has been granted 501(c)(3) status by the Internal Revenue Service (IRS) ...