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Non-profits are an integral part of our society, but they often face a lot of misinformation when it comes to tax obligations. With so many misconceptions surrounding non-profit taxes and compliance, it’s easy to fall prey to common myths and misunderstandings.

The Internal Revenue Service is trying to leverage the extra billions in funding from last year’s Inflation Reduction Act to narrow the ever-increasing gap between taxes due and taxes collected, but has spent surprisingly little of the money so far.