A nonprofit corporation is a corporate business structure that has obtained tax exempt status under section 501c of the internal revenue code businesses that qualify under section 501c do not have to pay tax on business income and are eligible to receive grant money from the government and charitable . Find information on annual reporting and filing using form 990 returns and applying and maintaining tax exempt status charities non profits internal revenue service skip to main content. For the purposes of this guide the mailing address of serviceontario is ar electronically through the service providers under contract with the ontario government for any current or previous tax year end non profit corporations subject to the ontario the fees as of the date of the not for profit incorporators handbook are set out . D tax exempt status if you intend to apply for federal tax exempt status you must elaborate on the purposes set forth in this section under a separate section for other provisions e powers all not for profit corporations are granted many powers by statute because these powers are statutory they do not need to be listed and
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