IRS shares good info on obtaining nonprofit tax-exemption
Trying to get a nonprofit going to serve a valuable cause?
Chances are you’ll want (and need) a nonprofit determination from the IRS. That determination confirms that
- your nonprofit can receive donations that the givers can deduct as charitable contributions and
- your nonprofit is tax-exempt — that means it doesn’t have to pay Federal income taxes on the income related to its purpose.
The IRS just updated its information to provide a handy guide for you — to help you obtain a determination that works for both purposes. Find the IRS information here . . .