Assets used for exempt purposes: Private foundation minimum investment return

Explanation of what are assets used for exempt purposes, in the context of the tax on private foundation failure to distribute income under Code section 4942.
General Information
Charities and Nonprofits

Life cycle of a business league (trade association)

The life cycle of a business league (trade association) includes filing information returns and for tax-exempt status, and updating its mission and purpose.
General Information
Charities and Nonprofits

Improvement of business conditions

Improvement of business conditions as requirement for exemption under Code section 501(c)(6)
General Information
Charities and Nonprofits

Seller-funded down payment assistance programs are not tax-exempt

A recent IRS ruling concludes that seller-funded down-payment assistance to home buyers provides private benefit to the sellers and does not further exclusively charitable purposes.
General Information
Charities and Nonprofits

Performing Particular Services Business League (Internal Revenue Code Section 501(c)(6))

Performance of particular services and exemption under Code section 501(c)(6)
General Information
Charities and Nonprofits

Taxable period: Private foundation self-dealing

Taxable period for tax on self-dealing under Code section 4941.
General Information
Charities and Nonprofits

Self-dealing by private foundations: Sales or exchanges of property

Sales or exchanges of property as acts of self-dealing under Code section 4941
General Information
Charities and Nonprofits

Down payment activities

Applications for exemption and miscellaneous determination requests are assigned to exempt organizations specialists for review. If additional information is necessary to make a determination, a specialist will contact the organization for the information. Sample questions are available.
General Information
Charities and Nonprofits

Business leagues

Review Internal Revenue Code section 501(c)(6) for business league tax exemption requirements.
General Information
Charities and Nonprofits

Information on Donated Property for Tax Professionals

Information on Donated Property (non-cash contributions) for Tax Professionals
General Information
Charities and Nonprofits