Get NYC DoF NFP Application 2013

Nonprofits are also exempt from paying sales tax and property tax. While the income of a nonprofit organization may not be subject to federal taxes, nonprofit organizations do pay employee taxes (Social Security and Medicare) just like any for-profit company.

Nonprofits are also exempt from paying sales tax and property tax. While the income of a nonprofit organization may not be subject to federal taxes, nonprofit organizations do pay employee taxes (Social Security and Medicare) just like any for-profit company.

Nonprofits are also exempt from paying sales tax and property tax. While the income of a nonprofit organization may not be subject to federal taxes, nonprofit organizations do pay employee taxes (Social Security and Medicare) just like any for-profit company.

Employees and representatives of nonprofit religious, charitable, or educational organizations are exempt from the state hotel tax when traveling on official business of the organization. Local hotel taxes must be paid. ... Religious organizations are nonprofit churches and their guiding or governing bodies.

Even tax-exempt nonprofits sometimes earn taxable income. If a nonprofit runs an "unrelated business" to raise money -- one that's not part of the core mission -- the unrelated business income is taxable. The IRS applies a similar rule to capital gains on the sale of real estate. ... IRS Publication 598 gives the details.

Nonprofit organizations must withhold Social Security, Medicare, federal and state taxes from payroll. In addition, the nonprofit organization must meet the same requirements as for-profit companies by matching Social Security and Medicare withholding. They must also pay federal and state unemployment insurance.

Status and Taxes After successfully applying to the IRS for 501(c)(3) status, nonprofits are exempt from federal corporate income taxes. ... Nonprofits also are required to pay taxes on income from activities unrelated to their mission, called the unrelated business income tax, or UBIT.

Under the Hotel Operators' Occupation Tax, public renting of hotel rooms, "is subject to tax, even if the person paying for the room may be a church, charity, or school or some other kind of nonprofit organization, and even if the person paying for the room may be a governmental agency or instrumentality (Federal, ...

Nonprofits are also exempt from paying sales tax and property tax. While the income of a nonprofit organization may not be subject to federal taxes, nonprofit organizations do pay employee taxes (Social Security and Medicare) just like any for-profit company.

In most states, 501(c)(3) entities have to pay sales tax on their purchases and charge sales tax on the items they sell. However, some states allow certain types of nonprofit organizations a special exemption from sales tax. The exemption is generally limited to the purchase of items used in their exempt purpose.

Hotel taxes vary from state to state, and some localities add their own hotel tax on top of the state tax. But wait, there's more: In most states you'll pay sales tax on your hotel room, and some hotels tack other extra fees onto the back end of your transaction.

Under the Income Tax Assessment Act 1997 (Cth) a not-for-profit organisation must pay tax on any 'taxable income', unless it qualifies for an exemption.

Nonprofit organizations are not exempt from paying all taxes. For example, organizations that hire employees must pay payroll and other taxes on its employees' wages. ... Local laws may require an organization to pay property taxes on the for-profit portion of its business.

Nonprofit status refers to incorporation status under state law; tax-exempt status refers to federal income tax exemption under the Internal Revenue Code. ... Nonprofit organizations have no shareholders and pay no dividends - all earnings are "reinvested" in the organization in furtherance of its nonprofit purposes.

Charities don't pay tax on most types of income as long as they use the money for charitable purposes. You can claim back tax that's been deducted, eg on bank interest and donations (this is known as Gift Aid).