Tax compliance stands as a foundational element for the longevity and prosperity of non-profit organizations. Serving as beacons of societal progress and local aid, nonprofits hinge their operations on upholding their tax-exempt standing, enabling them to deploy resources efficiently toward their objectives. Yet, the convoluted landscape of tax laws...
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As Benjamin Franklin’s famously noted, nothing in life is guaranteed except for death and taxes. While this is largely true, there is an IRS classification that allows certain cemetery businesses exemption from taxes. 501(c)(13) status is available to nonprofit mutual cemetery companies and nonprofit incorporated cemetery companies. The Internal...