There are many ways for a not-for-profit organization to lose its tax-exempt status — including participating in lobbying and campaign activities, receiving excessive unrelated business income and allowing board members to financially benefit from their positions. But the most common reason nonprofits lose their status is failure to file an annual Form 990 or 990-N
loss of tax-exempt status Archives - Crawford Ellenbogen
Jul 16, 2020
Regaining your tax-exempt status if you failed to file Form 990s
- By Joan Ellenbogen
- Non-Profit
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Jun 23, 2020
Nonprofits: Carefully navigate the upcoming election
- By Victor Dozzi
- Non-Profit
- 0 Comments
The 2020 presidential election is fast approaching and your not-for-profit has a stake in its outcome. But that doesn’t mean your organization is free to participate in campaign activities. In general, Section 501(c)(3)s risk losing their tax-exempt status if they participate in campaigning. However, there’s more nuance in the rules than you might suspect. 5