Understanding Different Types of NonProfits in the USA

Non-profit organizations do good things without making profits for themselves. Any extra money they make goes back into their mission.Charities are a special kind of non-profit. They do good things, but their main focus is helping the public. And because they do such important work, donors can get tax breaks for supporting them.

Understanding Ongoing Reporting Requirements for Nonprofits

What if I told you, you could get in trouble for helping others? It might sound ridiculous, but it’s true. With every good thing, some bad guys will always try to take illegal benefits. And to stop such bad guys IRS has brought in regulations.