Certain activities can increase a not-for-profit’s risk of losing its tax-exempt status. These include ignoring the IRS’s private benefit and private inurement provisions. A private benefit is any payment made by a nonprofit that’s beyond reasonable compensation for the services provided or goods sold or for services or products that don’t further your tax-exempt purpose.
private inurement
Oct 10, 2019
Avoid excess benefit transactions and keep your exempt status
- By Ellenbogen
- Non-Profit
- 0 Comments
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