difference between 501

I manage money for a non-profit 501 c7.

they asked me if there was any difference in a 501 c7 from a 501c3 other than with the 501c3 they can take donations and the donator receives a tax deduction, is there any other difference, such as?

taxes paid, if any?
problems with changing filing?
anything gained or lost?

Thank you,
Douglas



Add new comment

Log in or register to post comments