Tax-Exempt Organizations Compliance

Summary

This practice note provides an overview of the different types of tax-exempt organizations and the process required for maintaining compliance with the IRS, the tax advantages of a tax-exempt organization, and the filing of Form 990, Form 990-EZ, Form 990-PF, and Form 990-N (e-Postcard). The practice note also instructs on inurement/private benefit, political campaign activities, legislative activities, filing penalties, revocation of tax-exempt status, how to file an employment tax return for a tax-exempt organization with employees, the forms to obtain information from the payee, and the forms to furnish payees.