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  • Form 557 2010

Get Form 557 2010-2025

Publication 557 (Rev. October 2011) Department of the Treasury Internal Revenue Service Cat. No. 46573C Contents What's New . . . . . . . . . . . . . . . . . . . . . Reminders . . . . . . . . . .

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A 501(c)(3) nonprofit operates for charitable as well as religious, educational, scientific, literary, public safety testing, sports competition fostering or animal- and child-cruelty prevention purposes. In contrast, a 501(c)(4) has a broader purpose definition. It operates to promote social welfare.

Contributions to civic leagues or other section 501(c)(4) organizations generally are not deductible as charitable contributions for federal income tax purposes. They may be deductible as trade or business expenses, if ordinary and necessary in the conduct of the taxpayer's business.

Types of Organizations Exempt under Section 501(c)(4) Charitable Organizations. Churches and Religious Organizations. Private Foundations. Political Organizations. Other Nonprofits. Lifecycle of an Exempt Organization. Requirements for Exemption. Application for recognition of exemption.

IRC 501(c)(4) requires that organizations operate primarily in promoting in some way the common good and general welfare of the people of the community. To meet this requirement, many IRC 501(c)(4) organizations engage in educating the community. conduct their activities in a non-partisan manner.

Exemption Requirements - 501(c)(3) Organizations To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual.

What are the advantages of a 501(c)(4)? A 501(c)(4) nonprofit has more leeway to participate in biased political or lobbying activities than some other nonprofit types, such as 501(c)(3)s. In addition, you are not required to apply for 501(c)(4) status.

More In Forms and Instructions Publication 557 discusses the rules and procedures for organizations that seek recognition of exemption from federal income tax under section 501(a) of the Internal Revenue Code.

FAQs on IRS Publication 557 This status allows the organization to not pay income taxes on most organizational revenue. Additionally, no private shareholder or individual can benefit from the organization's earnings.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232