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The Foundation Center has a great library of information about forming and operating nonprofit corporations, including tax exempt charitable organizations. Here are some of the topics relating to establishing a nonprofit corporation: How do I start a nonprofit organization? Charity Lawyer: , Lindsey Harris, attorney with the Make a Wish Foundation, writes about the importance of charities using good contracts. “From protecting your brand to purchasing the goods needed to deliver your mission, contracts are an essential part any nonprofit business. Without solid contracts–the kind you can understand and actually use to [...] Form 990, Return of Organization Exempt From Income Tax, is the IRS’s primary tool for gathering information about tax-exempt organizations, for educating organizations about tax law requirements, and for promoting compliance with tax law. The 2009 Form 990, schedules, and instructions have been revised to modify and clarify certain reporting requirements. The table [...] Nonprofit Law Blog: 10 New Year’s Resolutions for Your Board CharityLawyer: “In the last decade or so, directors and officers have faced an increased exposure to personal liability. While the bulk of legal actions have been against directors and officers of for profit corporations, judgments against and settlements by directors and officers of nonprofit corporations are increasing. I am often [...] Public charities should review the December 2009 version of the IRS governance check sheet used by IRS agent when examining 501(c)(3) public charities. See the IRS’ guide sheet for Completing the check sheet. CharityLawyer: “I recently contacted Gene Takagi, a noted California nonprofit lawyer, to confirm or deny an assertion regarding California nonprofit law that was made to one of our clients. He was kind enough to clarify the matter. We discussed that there are many such ‘nonprofit law urban legends’ and he suggested that would [...] A nonprofit organization that is exempt from federal income tax under Internal Revenue Code Section 501(c)(3) must follow IRS rules or the IRS can revoke its tax exempt status. If you are involved with operating or managing a nonprofit corporation, you should read ” Nonprofits: Are You at Risk of Losing Your Tax-Exempt [...] |
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