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NALFA Registers as a Tax-Exempt Business League

April 2, 2010 | Posted in : NALFA News

This week, NALFA registered as a 501(c)(6) tax-exempt organization with the I.R.S.  The 501(c)(6) is reserved for professional and trade organizations (associations and societies) characterized around a common business interest.  501(c)(6) organizations are business leagues specifically designed to promote and improve a particular line of business (i.e. legal fee analysis).  As a non-for-profit business league, annual membership dues and CLE sponsorship contributions may be tax deductible as a business expense, not as a charitable contribution.