Session materials from "Getting Tax Exemption," presented by David "Rosebud" Sparer at NASCO Institute 2016.
What does it mean to be a "nonprofit"? What are the benefits and drawbacks of 501c3 status and other tax exemptions for co-ops? Is it worth it? We will discuss the systems of nonprofit incorporation, federal tax exemption, and local tax exemptions. We will also cover the 501c3 application (IRS Form 1023) in detail.