Is My 501c3 Automatically Tax-Exempt?

Is My 501c3 Automatically Tax-Exempt?

Here’s the short answer… No. When you established your 501(c)(3) nonprofit, all you did was create an organization separate from a traditional business that has certain rights and limitations. In terms of limitations, 501(c)(3)s are restricted by their inability to...
Filing Your 990: A Nightmare or a Dream Come True

Filing Your 990: A Nightmare or a Dream Come True

Filing the IRS form 990 can present a mixed bag of emotions. On one hand, it can be a nightmare. You’ve got strict deadlines, requests for thorough, supplemental documents, fees, penalties and that’s all assuming you can navigate the near-impenetrable bureaucracy of...