Find out how to Avoid Heavy Fines and Loss of 501c3 Tax Exemption in CharityNet USA’s Free Nonprofit Webcast! You have waited months and finally have received your letter of determination from the IRS awarding your nonprofit with 501c3 Tax Exempt status. While this is a great milestone for your organization, it is important to …
Tag Archive: 501c3 IRS
Jan
25
Should I Wait For The Cyber Assistant?
The Cyber-Assistant will do good things for first-time 501(c)(3) applicants but will it do enough to justify waiting to submit your 1023 application? In 2003, the IRS started a review and revision process of how they examined applications for 501(c)(3) tax exempt status. They called this process, “Project ASPIRE,” and was created in response to …
Mar
17
Remaining in Compliance After Obtaining 501 Status
Your dream has become a reality. The cause that is your passion has been transformed into a functional organization. You′ve established a board, clarified your mission, adopted bylaws, incorporated, and achieved 501(c)(3) status from the Internal Revenue Service. After such exhaustive effort has been expended, it would be senseless to allow the organization to lose …
