Watch out, non-profit trade associations! If your group is a 501(c)(6) organization, your activities could potentially threaten your tax-exempt status. To make sure you are in compliance with IRS rules,
A much-hated tax on non-profit organizations is on the way out. At the end of 2019, Congress repealed a provision of 2017’s Tax Cuts and Jobs Act (TCJA) that triggered
The commerciality doctrine was created along with the operational test to address concerns over non-profits competing at an unfair tax advantage with for-profit businesses. But even business activities related to
Many non-profits supplement their usual income-producing activities with sponsorships or advertising programs. Although you are allowed to receive such payments, they are subject to unrelated business income tax (UBIT) unless
