Nonprofit Organization Definition and Example

What is a Nonprofit Organization? Unlike for-profit businesses, nonprofit organizations do not have owners or shareholders who receive profits from the organization’s activities. Instead, any funds generated by a nonprofit organization are used to further its mission and support its programs and services. Nonprofit organizations can take many forms, including …

Form 8283 Noncash Charitable Contributions Overview FAQ

Form 8283 Noncash Charitable Contributions Overview FAQ Form 8283 is a tax form used by individuals and businesses to report noncash charitable contributions that they have made throughout the year. Noncash contributions include items such as clothing, furniture, vehicles, and other property. By completing Form 8283, taxpayers can claim a …