The Internal Revenue Service (IRS) issued Notice 2021-56 - Standards for Section 501(c)(3) Status of Limited Liability Companies as its first attempt to set the standards for a limited liability ...

The IRS changed the submission process for groups that intend to operate as 501(c)4 tax-exempt organizations, requiring them to submit forms through Pay.gov.

The U.S. Department of the Treasury and the Internal Revenue Service have issued new guidance relaxing rules on what some tax-exempt groups must disclose to the IRS. “It is important to emphasize that ...

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Chattanooga, Tenn.-based Erlanger Health System, a safety-net hospital system, will pursue transitioning into a 501(c)(3) nonprofit charitable organization. The process could take several months, ...

NIL-based charity Hoosiers For Good is one of the first NIL organizations to achieve federal 501(c)3 status in the country. All donations past and present since Hoosier For Good's launch in March will ...