Does a non-profit organization with an income tax exemption have to file a tax return?
A non-profit organization which is income tax-exempt may be required to file with the Internal Revenue Service a special annual income tax return and annual information return designed only for Not-For-Profit organizations. How does an organization qualify as a charity under the Internal Revenue Code? To qualify an organization as a charity, it must be created for charitable purposes and operate by devoting its resources to charitable activities only. It must also make sure that no part of its income goes to the personal benefit of any of its members. To be registered as a charity, an organization generally must promote one or more of the following. (1) relief of poverty; (2) advancement of religion; (3) advancement of education; and (4) certain other purposes that benefit the community in the way the courts have determined to be charitable. Also, the organization cannot operate for profit or for the private interest of its members. How will my organization know if its objects and acti
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