The IRS denied tax-exempt status to an organization formed to operate a farmers’ market. This is so even though it was incorporated under state law as a non-profit corporation. The purpose of the organization was to help fee-paying vendors sell their products, which is a commercial purpose, not a charitable one.
Barbara Weltman
Big Ideas for Small Business, Inc.
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ICYMI: What's in the "One Big, Beautiful Bill" for Small Business? Barbara Weltman @BigIdeas4SB digs into the House-passed bill and reviews key tax-related provisions. The Senate is now acting on the bill, which will likely include some changes. More: