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Nonprofit tax-exempt

Do Nonprofits Have to Pay Taxes?

nonprofit taxes

Nonprofits are organizations that operate for the collective public and private interest without aiming to generate profits for the founders. Unlike businesses, nonprofits organizations are exempt from federal income taxes under subsection 501(c)(3) of the Internal Revenue Service (IRS) tax code. Tax-exempt enables nonprofits to save thousands of dollars to facilitate their operations effectively. However, […]

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