Contact Us
Categories
- Estate Planning
- Estate Administration
- Wills And Trusts
- Estate Tax
- Trusts
- Wills
- Tax
- Taxation
- Beneficiaries
- Federal Tax
- Revocable Living Trust
- Revocable Trust
- Tax Planning
- Charitable Giving
- Digital Assets
- Dynasty Trust
- Gift Tax
- Grantor Trust
- Grats
- Guardian
- Intestate Estates
- Lifetime Gift Tax Exemption
- Portability
- Powers Of Attorney
- Spousal Lifetime Access Trusts (Slat)
- Tax Exemption
- Tax Reform
- 501(C)(3)
- 529 Accounts
- Administrator
- Assets
- Business Formation And Planning
- Business Succession Planning
- Charitable Purposes
- Congress
- Divorce
- Documentation
- Executor
- Family Law
- Family-Owned Business
- Fiduciary
- Financial Assets
- Firearms
- Gun Trust
- Ilit
- Inherited Assets
- National Firearms Act
- Nonprofit
- Online Privacy
- Probate
- Promissory Note
- Qprt
- Salt - State And Local Tax
- Settlor
- Special Needs Trusts
- Step-Up
- Tax Basis
- Tax Deduction
- Trump Accounts
- Trustee
- Uniform Fiduciary Access To Digital Assets Act
Insights
Filtered by tag: Charitable Purposes — View all
A Nonprofit Organization is Not Necessarily a "Charitable" Organization
Very often when speaking of corporations established for laudable purposes people incorrectly equate the word “nonprofit” with “charitable.” While this may be a distinction without a difference in casual discussions, when it comes to a federal tax return, the two are not synonymous. This misperception during the initial stages of planning and establishment of a nonprofit corporation can result in a costly mistake by organizers hoping to fund their activities with donations.
