Frequently Asked Questions About Tax-Exempt Organizations (CRS Report for Congress)
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| Release Date |
Revised May 1, 2015 |
| Report Number |
96-264 |
| Authors |
Erika Lunder and Mattie Little, American Law Division |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
This report answers frequently asked questions about tax-exempt organizations. It provides basic answers and refers to sources of additional information that might be useful. The report focuses on the types of organizations described in Internal Revenue Code (IRC) Section 501(c), with the main emphasis on Section 501(c)(3) charitable organizations.
One set of questions addresses some of the primary characteristics of tax-exempt organizations, including whether they may participate in lobbying and election-related activities, and defines the terms "tax-exempt," "nonprofit (not-for-profit)," and "private foundation."
Another group of questions provides general information on how to form a tax-exempt organization, what information must be disclosed to the IRS and the public, and how an organization might lose its tax-exempt status.
The report ends with questions intended to help the reader find resources that provide information on specific organizations and additional information on tax-exempt organizations in general.
This report summarizes information with respect to tax-exempt organizations. It should not be relied on for specific tax advice. Such advice should be sought directly from the IRS or qualified tax professionals.
