In May 2025, the  IRS released TG3-8 to clarify the disqualifying activities for 501(c)(3) organizations, specifically addressing the differences between inurement and private benefit. Understanding these concepts is crucial for maintaining tax-exempt status, and TG3-8 closely examines how nonprofits manage them and how to better comprehend the associated rules. Inurement refers to the prohibition against any organization's earnings benefiting private individuals, particularl

Some 501(c)(3) organizations, especially those who applied for sales tax exemption during 2020, may have paid sales taxes for 2020 while...

Some 501(c)(3) organizations, especially those who began operation or applied for sales tax exemption during 2020, may have paid sales...

May 24, 2021 For Immediate Release Contact: Olivia Benson, COO, The Forbes Funds Olivia@Forbesfunds.org The Forbes Funds announces new...