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Poof! The IRS Revokes Tax Exemption for 20,000+ Arts Groups (Updated!)

In 2006, Congress asked the IRS to keep better track of the nation’s 1.7 million nonprofit organizations. Yesterday, the IRS revoked the tax-exempt status of 279,599 of them for not filing legally required documents for three consecutive years (2007-2009). Nearly 27,000 of them are nonprofit ARTS organizations. The 26,875 arts groups represent 20 percent of […]

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What is Your Community Benefit?

The reason for the tax break for nonprofits is that nonprofits are meant to provide a “community benefit.” When you apply for nonprofit status, the forms you have to fill out include making a case that the benefit you will provide (often expressed in your mission statement) is worth the state letting go of your […]

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