Avoiding the Non Profit Tax Minefield

Abstract

Whether you are a large established charity, a small nonprofit private foundation, a school club, or anything in between, there are many ways to run afoul of Internal Revenue Service (IRS) rules and regulations. A simple misstep in the management of a nonprofit entity can change the nonprofit organization from a tax exempt entity to a tax paying entity. It can also result in substantial taxes on the organization's management. This article addresses a few of the critical issues facing nonprofit organizations who wish to remain tax exempt.