Select an FAQ (8):
|Can a tax-exempt organization sell coupon books to raise money? (new version available)|
Selling coupon books is not an exempt activity (regardless of how the funds are used) unless the books are somehow related to the organization's exempt purposes.
|Can We Sell Ads in a Program Book? (new version available)|
Sure. But there are some factors that should be considered carefully before starting down this road.
|How Can We Make a Budget for the IRS Before We Start Work? |
Form 1023 requires a three-year projected budget. What approach should be used to prepare one?
|How does the IRS treat nonprofits' gambling revenues? (new version available)|
Many nonprofits rely on gambling activities to bring in much-needed revenue. IRS publication 3079 covers related taxes and other issues in detail.
|How is Unrelated Business Income Tax (UBIT) Calculated? (new version available)|
UBIT is based on the corporate income tax rates. The IRS and NPOs have struggled with figuring out what is 'related' and what is not.
|What is a patent? trademark? copyright? |
Patents, trademarks and copyrights are used to protect your creations (intellectual property), whether they are tangible creations such as books or intangible processes such as programs
|What is Unrelated Business Income? How is it reported? Taxed? |
Unrelated Business Income exists under US tax law when an exempt organization receives regular revenues from activities that are not related to its exempt purpose (unless certain further exemptions apply). A separate form (the 990-T) is used to report UBI and to calculate whether tax (UBIT) is due.
|When can a NPO charge? |
Whether or not an organization charges for its services is not the measure of not-for-profit status.