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Showing 1 post in Nonprofit.

A Nonprofit Organization is Not Necessarily a "Charitable" Organization

Posted In Estate Planning, Nonprofit

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. More >

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