With tax reform underway starting in 2018, now may be the last chance for many to maximize their charitable contribution deductions. While the deduction for charitable contributions is preserved in the new tax bill, many fewer taxpayers will actually…
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A 501(c)(3) organization is the most common type of tax-exempt entity that falls under Internal Revenue Code 26 U.S.C. § 501(c), the law that provides for the different types of nonprofit organizations. For an organization to become a 501(c)(3) its…
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For some nonprofit corporations, there comes a time to close it down. This could be for any number of reasons, which could include lack of available funding or leadership. Sometimes, the organization might have met its goal or a larger organization o…
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