Once you’ve completed the process of securing your nonprofit’s tax-exempt status, the last thing you want to do is lose it. If you lead a 501(c)(3) organization, be sure to familiarize yourself with the IRS’s tax-exempt rules and prohibited activities to keep your status in good standing. 1. Political campaigning. 501(c)(3) nonprofits are banned from […]
Archives for February 2022
Ready to Cash Out on Your Home? Beware of Capital Gains
Home values around the country are soaring. The median price tag on a single-family home in the U.S. jumped 23% since last year. While it seems like a huge advantage for sellers, there’s one factor that may put a damper on your profit: capital gains taxes. Your home is a capital asset, so the […]