A tax-exempt organization is one that does not have tax obligations. The government provides this incentive to encourage businesses to help better their communities. As a result, organizations that provide a valuable service to the community may qualify for tax...
Thousands of Charities May Not Be Meeting IRS Requirements
Every year tens of thousands of charities and non-profit organizations apply to the IRS for tax-exempt status. Charities with less than $250,000 in total assets and less than $50,000 in donations in each of the past three years are eligible to file the "streamlined...