Document / Practice

Practice 2C: Federal Tax Exemption

Posted 2017 Updated August 29, 2023
Source
Land Trust Alliance
About This Practice

This guidance covers Practice 2C, which includes one element with four parts:

  1. ■ Maintain status as a tax-exempt organization under section 501(c)(3) of the Internal Revenue Code (IRC)

    1. a. ▲ File a complete and accurate annual information return (Form 990 or equivalent) with the Internal Revenue Service (IRS)

    2. b. ▲ Do not knowingly engage in prohibited activities, such as private inurement or impermissible private benefit

    3. c. ■ Comply with federal lobbying limitations and reporting requirements

    4. d. ■ Do not engage in political campaigns on behalf of or in opposition to any candidate for public office

Accreditation indicator element | ■ Terrafirma enrollment prerequisite | ▲ Required for both

Updated August 2023: Added text box on secure sign-in options for filing Form 990-N