Premium Only Content

How to Verify 501(c)(3) Status with the IRS
Generally, contributions to a charitable 501(c)(3) organization are tax deductible for the donor of the cash or property. The amounts are treated as an itemized tax deduction and reported on Schedule A of the taxpayer's Form 1040 individual tax return.
But, how do you verify the charitable status of the organization and why does it matter?
Note that if you make contributions to an organization that is not a tax exempt "charitable" organization, you will likely not be able to deduct those contributions.
You can check the IRS website below to lookup the nonprofit entity.
https://www.irs.gov/charities-non-profits/tax-exempt-organization-search
For a larger database of tutorials, please visit our website and search for your question:
https://knottlearning.com/
DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.
#IRS #CharitableOrganization #501c3
-
LIVE
Dr Disrespect
7 hours ago🔴LIVE - DR DISRESPECT - BATTLEFIELD 6 - THE WAR BEGINS | BF6 LAUNCH DAY
2,799 watching -
12:56
Dr. Nick Zyrowski
8 days agoFasting Is THE Cure: No Food For 2 Days Is The Perfect Fast! (Here’s Why)
1.06K2 -
1:51:23
The Quartering
3 hours agoTrump Snub Backfires, Matt Walsh Sounds The Alarm, Candace Owens Theory On Charlie Kirk
88.5K25 -
1:14:53
DeVory Darkins
3 hours ago $13.04 earnedDemocrat Candidate leaves crowd DUMBFOUNDED as Trump scores MAJOR VICTORY
58.3K17 -
1:12:16
Sean Unpaved
3 hours agoTNF Shocker: Giants Stomp Eagles, Cubs Claw a Game 5, Weekend NFL/CFB Best Bets!
20.7K5 -
1:25:05
HotZone
8 hours ago $1.86 earned5 Signs Terrorists are Plotting a Massive US Strike
11.7K6 -
1:05:42
Dear America
3 hours agoShould Christians Celebrate Halloween?
22K7 -
2:03:24
The Culture War with Tim Pool
5 hours agoAntifa Is A Terror Organization, Crackdown Coming As Leftists Defend Violence | The Culture War
166K157 -
28:39
Afshin Rattansi's Going Underground
5 days agoThe Trump Plan to Save US Economic Hegemony You Haven’t Heard Of (Jim Rickards)
29.6K2 -
1:47:43
Lara Logan
17 hours agoROSEANNE UNLEASHED: Bolder Than Ever, Plus an Exclusive Peak at Her New Show | Roseanne Barr | Ep 39
29.1K6