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Are all Nonprofit Corporations tax-exempt?

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Are all Nonprofit Corporations tax-exempt?

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Not necessarily. A Nonprofit Corporation must file for tax-exempt status with the Internal Revenue Service. The I.R.S. often requires very specific language to be listed in the purpose clause of the Articles of Incorporation for a Nonprofit Corporation, referred to as 501(c)(3) languages. Nonprofit Corporations who incorporate without that language in their articles will need to file an amendment prior to filing with the I.R.S. for tax-exempt status. The Ohio Secretary of State does not list in its records whether a corporation is tax-exempt or not.

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Not necessarily. A Nonprofit Corporation must file for tax-exempt status with the Internal Revenue Service. The I.R.S. often requires very specific language to be listed in the purpose clause of the Articles of Incorporation for a Nonprofit Corporation, referred to as 501(c)(3) language. Nonprofit Corporations who incorporate without that language in their articles will need to file an amendment prior to filing with the I.R.S. for tax-exempt status. The Ohio Secretary of State does not list in its records whether a corporation is tax-exempt or not.

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