Tax-Exempt Organizations

Free CPA REG (Taxation & Regulation) lesson in Federal Taxation of Entities. 17 min read, ~2,593 words.

§501(c)(3) is the only category that gives donors a charitable deduction. (c)(4) social welfare, (c)(6) trade associations, and (c)(7) social clubs do not. (c)(3) status requires both the organizational test (governing documents) and the operational test (actual activities), plus no private inurement, no substantial lobbying, and ZERO political campaign activity...