Monday, May 3, 2010
What can non-profits learn?
Non-profit status does NOT mean exemption from income tax! There are two requirements: (1) Form a non-profit corporation in Georgia and (2) File a Form 1023 with the IRS. Don't mess with the IRS... pay your taxes! What can non-profits learn from for-profits and vice versa besides getting their legal status in order?
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