by Monte S. Meyers MBA on November 22, 2021
Categories: Current Issue| Finance
Topic Tags: Taxes
We often get questions from our readers about whether a nonprofit organization must pay taxes, or whether individuals working at a nonprofit must pay taxes. While there are lots of details to get into depending on the situation, here’s a summary about nonprofits and the taxes they may or may not have to pay! Do nonprofit organizations have to pay taxes? It depends! Most nonprofits do not have to pay federal or state income taxes. However, here are some factors to consider when determining what taxes a nonprofit may have to pay: Type of nonprofit. There are …
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