The Coronavirus Aid, Relief and Economic Security (CARES) Act, enacted last spring, includes several temporary tax changes that help charitable organizations. One such provision allows taxpayers to deduct cash donations of up to $300 made before December 31, 2020.
Charitable Donation Deduction Could Lower Your Tax Bill
Posted by
Missy Dennis on Dec 8, 2020 8:17:00 AM
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Topics: Taxable Income, Personal Finance, Taxes, Tax Deduction, Tax Return, Nonprofit, Tax Preparation
5 Tips for Applying for Tax-Exempt Status
Posted by
Scott Farnes on Oct 4, 2019 12:17:06 PM
If you're thinking about starting a nonprofit and want to apply for tax-exempt status under Section 501(c)(3) of the tax code, you'll need to use Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. Here are five tips to ensure a successful application:
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