Annual Filing and Forms - Exempt organizations are required to file annual returns, although there are exceptions. If an organization does not file a required return or files late, the IRS may assess penalties. In addition, if an organization does not file as required for three consecutive years, it automatically loses its tax-exempt status.
Tax Exemption
Tax on Unrelated Business Income of Exempt Organizations - An exempt organization is not taxed on its income from an activity substantially related to the charitable, educational, or other purpose that is the basis for the organization's exemption. (IRS)
The Internal Revenue Service released formal guidance related to nonprofit political activities in "Revenue Ruling 2007-41,' which describes 21 real-life scenarios. It is particularly useful for when nonprofits consider election-related programs and activities, since failure to comply may put at risk a nonprofit organization's tax-exempt status. (IRS)
Exempt Organizations Public Disclosure - Obtaining Copies of Documents from IRS - Sometimes people want to see a specific nonprofit's Form 1023, also known as its exemption application. This question usually comes from would-be nonprofits that want to refer to Form 1023 samples from similar organizations as they fill out their own applications.
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