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Charitable Donation Deduction Could Lower Your Tax Bill

Posted by Missy Dennis on Dec 8, 2020 8:17:00 AM

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.

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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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Topics: Taxes, Nonprofit

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