If you have a good idea about starting a nonprofit organization in your local community, you may think that most of your work is already completed. However, creating a nonprofit is more than just having a great idea on paper. You have to put it into practice, and that includes making a detailed list of […]
Tag: nonprofit formation
Nonprofit Tax Rules: A Quick Overview
If you run a nonprofit or charitable organization, you generally don’t have to pay income or property tax, although there are exceptions, and even nonprofits have to pay employee taxes, including social security and Medicare. The rules regarding becoming tax exempt and maintaining your status will require some detailed research on the IRS website. However, […]