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
-
The Quartering
2 hours agoEscape From New York, Harvard Bombers Caught, Trump DEFIES Court On SNAP, Bomb Threat On Plane!
95.9K36 -
LIVE
StoneMountain64
2 hours agoBattlefield REDSEC leveling guns for attachments
421 watching -
LIVE
Pop Culture Crisis
1 hour agoCoca-Cola's WAR ON CHRISTMAS, Movie Press Tour CRINGE, Gen Z HATES Gen Z | Ep, 949
649 watching -
16:30
Clintonjaws
17 hours ago $4.31 earned'The View's' Producer Stops Show & Forces Whoopie To Correct Lie
5.43K4 -
1:10:24
Steve-O's Wild Ride! Podcast
5 days ago $0.38 earnedMatt McCusker Makes Steve-O Nervous | Wild Ride #272
2.84K1 -
17:09
Bearing
9 hours agoHasan Goes NUCLEAR On Chat ☢️ ROASTED By JD Vance Over Dog Allegations 🚨
6.86K26 -
LIVE
The HotSeat With Todd Spears
1 hour agoEP 203: The Military "Whistleblower"
542 watching -
LIVE
The Nunn Report - w/ Dan Nunn
1 hour ago[Ep 784] Election 2025: NYC is Screwed | Tatum Calls Out Kirk Conspiracists | Guest: Sam Anthony
113 watching -
1:22:54
DeVory Darkins
3 hours agoTrump makes shocking announcement as Major ELECTION UPDATE drops after bomb threat
81.7K42 -
10:11
Dr. Nick Zyrowski
8 days agoDoes Creatine CAUSE Hair Loss? (We All Got This Wrong)
6.85K2