ETAX990NBLOG

Charity Organizations May Be Tax Exempted But Not Exempted From Filing Returns Form 990-N

Small charitable organizations qualify under section 501 (C)(3) of Internal Revenue Code are considered as small tax-exempt organizations provided that such entities qualifying for this privilege from IRS should not operate on a business motive in making a profit and share the benefit with the shareholders or partners or an individual. These tax-exempts should not forcefully or voluntarily engage to create some favorable rulings of their own for any business interest or in any circumstances show as...