Protect your organization’s fragile tax-exempt status

One of the most important differences between not-for-profits and for-profit businesses is that nonprofits are tax-exempt. But your tax-exempt status is fragile and can be revoked if you violate IRS rules. Lobbying activities usually involve restrictions and campaigning is generally off-limits. You should also ensure that your organization’s excess profits aren’t used for the private benefit of an individual or entity. And, if you generate income through a business conducted regularly and outside your mission’s scope, it may be subject to scrutiny. Contact us for information or if you receive notice of a violation.