To start with, I am going to assume that the child is the biological child of both of you and that you live together. In that case, only one person can claim all the tax benefits -- dependent exemption, child tax credit, head of household filing status (sometimes), EIC (sometimes), and dependent care credit or tax-free FSA.
The Statute IRC 501(c)(4) provides for exemption of: Civic leagues or organizations not organized for profit but operated. exclusively for the promotion of social welfare. Local associations of employees, the membership of which is limited to the. employees of a designated person or persons in a particular municipality.
Back to Top. The first step when starting a non-profit organization is to file non-profit Articles of Incorporation with the proper state agency. It is important that the Articles of Incorporation contain the required clauses to ensure your non-profit will qualify for tax-exempt status.ack to Top. The first step when starting a non-profit organization is to file non-profit Articles of Incorporation with the proper state agency. It is important that the Articles of Incorporation contain the required clauses to ensure your non-profit will qualify for tax-exempt status.