Obtaining 501(c)(3) tax-exempt status is a crucial step for nonprofit organizations looking to further their charitable missions. While both Form 1023 and Form 1023-EZ can help organizations achieve this goal, choosing the right application path can significantly impact the process. Let’s explore these two options and help you understand which might be right for your...
Tax-exempt organizations play a vital role in our society, serving various charitable, educational, and social purposes. The Internal Revenue Code section 501(c) outlines different categories of tax-exempt organizations, each designed to serve specific purposes. Let’s explore some of the most common types of 501(c) organizations and their distinct characteristics. 501(c)(3) Organizations – Charitable, Religious, and...
When local governments modify their zoning regulations, existing businesses often find themselves in a precarious position: their previously lawful operations may no longer conform to new zoning requirements. Fortunately, the law protects these establishments through what’s known as “prior nonconforming use” rights, or more commonly, being “grandfathered in.” However, a persistent misconception among both property...
