Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as 'private inuremenet'

Streamlined Exemption Application – Being Considered

April 18th, 2014 · Comments Off on Streamlined Exemption Application – Being Considered · private inuremenet, tax exemption

Currently the only way to obtain recognition of 501(c)(3) status is to apply for tax-exemption using IRS Form 1023. The key word is “currently.” A new streamlined application was drafted by the IRS and is being considered for use by small organizations. It was submitted to the Office of Management and Budget for review under […]

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When Providing Consulting Services Ruins 501(c)(3) Exemption

July 6th, 2012 · Comments Off on When Providing Consulting Services Ruins 501(c)(3) Exemption · Consulting services, Denial of Exemption, private inuremenet

It is common for a new nonprofit to draw on the experience of its founders.  Is there any reason that a nonprofit can not provide consulting services?  If the new nonprofit seeks to obtain tax-exempt status under 501(c)(3) there are a number of pot-holes to avoid, based on a recent ruling by the Sixth Circuit […]

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