What does it mean to be tax-exempt? Tax-exempt means not being required to pay taxes on certain types of income. Find out what type of income is included.

In a recent letter ruling, the IRS determined that a networking organization operated and organized to provide members of the public the opportunity to connect and refer business to one another did ...

In Letter Ruling 202428008, the IRS denied tax-exempt status for an organization formed to facilitate arrangements by which student-athletes are compensated for their name, image, and likeness (NIL), ...

For most entrepreneurs, taxes are a regular part of running a business. However, certain types of organizations can qualify as tax-exempt, meaning they are not subject to federal income taxes.

Pt. I. Introduction to the law of tax-exempt organizations. Philosophy underlying and rationales for tax-exempt organizations -- Overview of nonprofit sector and tax-exempt organizations -- Sources, ...