Everyone from artists and environmentalists to educators and social workers forms nonprofits these days. And it’s no surprise a group can step into the limelight, save money, become eligible for grants and even get better postal rates as a nonprofit corporation. This Nolo bestseller guides readers through the steps necessary to obtain Federal 501(c)(3) status in order to qualify for: federal and state income tax exemptions; tax deductible contributions from donors; public and private funding; limited personal liability for directors, officers and members of the nonprofit.The overhauled new edition now includes a CDROM brimming with forms, such as the latest federal tax exemption and state FTB tax exemption application forms. The book also earmarks online sources of nonprofit tax and legal information.

By Anthony Mancuso, 2011.  Find it here.