Nonprofit organizations must fulfill certain state laws and federal laws to be registered as a nonprofit entity. In addition, there are filings that are required for nonprofits with the Internal Revenue Service in order to be approved as a tax-exempt organization.
at least 200 words, please identify laws that nonprofit organizations need to follow regarding its formation and tax filings that are required on its initial application as a tax-exempt entity. Also, please comment on additional tax filings that are required for nonprofit organizations once they are approved as a tax-exempt organization by the IRS