Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as 'State Exemption'

Streamlined Administrative Dissolution Process for Nonprofit Corporations

November 9th, 2015 · Comments Off on Streamlined Administrative Dissolution Process for Nonprofit Corporations · Dissolution, Inactive nonprofit corporation, State and Local Taxes, state compliance, State Exemption

Beginning January 1, 2016, inactive nonprofit corporations, which are eligible for administrative dissolution under the recently enacted law under AB 557, can be automatically or voluntarily dissolved. There is a significant problem with non-profit corporations filing incorporation papers with the Secretary of State, and then failing to launch or continue operations and remain up to […]

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Obtaining Recognition of Tax-Exempt Status

October 22nd, 2015 · Comments Off on Obtaining Recognition of Tax-Exempt Status · Form 1023, Process for Obtaining Recognition of Tax Exemption, State Exemption, Streamlined Application, tax exemption

Nonprofit organizations are not automatically recognized as tax-exempt.  This raises all sorts of questions:  What types of tax-exemption are there?  Do charitable organizations, tax-exempt under IRC 501(c)(3) need to abide by certain rules or criteria?   Are there different criteria for other tax-exempt organizations?  How does a nonprofit apply for recognition of tax-exemption from federal income […]

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