Legal Question in Tax Law in Utah

I recently setup a Nonprofit corporation to raise money for a family member who has cancer thru some fundraisers.

We are not a 501c.

i want to make sure that any donations we recieve to the nonprofit are not taxable to the nonprofit as well how can we disperse the donations so they are not considered income and become taxable?

thanks


Asked on 6/19/13, 7:17 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

You must apply with the IRS for 501(3)(c) status.

Read more
Answered on 6/20/13, 7:46 am


Related Questions & Answers

More Tax and Taxation Law questions and answers in Utah