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Submitted 357 days ago...

Kim

New User (1)

Taxes and non profit oganizations

Does a non profit organization have to file taxes and if so do we have to reach a dollar amount before we do?

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Submitted 345 days ago...

sidelko

Brain (3,031)

Does your organization have all the proper 501(c)(3) stuff set up?

You may be tax exempt if your organization is set up like that. If you have a tax guy I would ask him first though.

http://www.irs.gov/charities/charitable/article/0,,id=96099,00.html

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Submitted 345 days ago...

Mtnrescue

Professor (1,082)

Be careful here. A group I belonged to filed as a non-profit in the State of Colorado, but they didn't file with the IRS to get tax exempt status. So, that came as a bit of a shock to contriubtors who didn't get a tax benefit from donating.

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This Question was awarded 318 days ago therefore you can no longer post an Answer. However you may post a comment below.

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Submitted 177 days ago...

Fakery

Brain (2,476)

Depends on if you are actually a 501 c 3 or not.

if you are one, then you won't be paying taxes

if you aren't one, then you will be paying taxes

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