What 501(c)(3) Organizations Should Know About Maintaining Tax-Exempt Status

September 2024 Charitable organizations can take advantage of provisions in the tax code that exempt them from federal income tax and other types of tax obligations. This leaves charitable organizations free to pursue their missions without worrying about tax liability. That said, gaining a tax exemption from the IRS does not free an organization from all federal tax compliance. It must still take steps to maintain its tax-exempt status. This includes filing annual returns and refraining from activities that do not fall under the categories outlined in the Internal Revenue Code (IRC). Read on to learn more about what charitable organizations need to know about maintaining their tax-exempt status so they can focus on their charitable work. View the full article here.