Small charitable organizations qualify under section 501 (C)(3) of Internal Revenue Code are considered as small tax-exempt organizations provided that such entities qualifying for this privilege from IRS should not operate on a business motive in making a profit and share the benefit with the shareholders or partners or an individual. These tax-exempts should not forcefully or voluntarily engage to create some favorable rulings of their own for any business interest or in any circumstances show as...
Charity Organizations May Be Tax Exempted But Not Exempted From Filing Returns Form 990-N
April 24, 2014