The nonprofit will have to report these earnings to the IRS, which will tax them as income from unrelated business activities. To avoid this, a nonprofit should never let its unrelated business activities reach the point where it starts to look like a regular commercial business. For instance, unrelated business activities shouldn't absorb a substantial amount of staff time, require additional paid staff or volunteers, or produce much more income than that generated by the organization's exempt activities. Get the legal lowdown on what makes a nonprofit corporation exempt from federal income taxes with this user-friendly eGuide. The definitive guide to forming and running a California nonprofit.
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This guide will show you how to choose, register and protect a great URL for your site. Related Articles Related Products Nonprofit Corporations FAQ Answers to your most frequently asked questions about nonprofit corporations. Becoming a nonprofit corporation requires some paperwork, but for many groups, the benefits are worth it. Here's some information to help you decide. Here's a summary of what you need to do.