Demystifying the Various Tax Exemptions: 501(c)(3) vs. 501(c)(4)
Board Effect
MAY 5, 2021
IRS tax code. For example, they’re not allowed to share in the nonprofit’s stock or profits as is typical with for-profit corporations. That said, they may be required to disclose how much of their members’ dues apply to lobbying activities, and they may have to pay a proxy tax. 501(c)(7) Social and recreational clubs.
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