In order to understand the different sections of 501c you first must know what a 501 c is. The term 501 c is referring to Title 26, Section 501(c) of the United States Internal Revenue Code. This specific section allows for certain types of nonprofit organizations to be exempt from paying some federal taxes, which …
Tag Archive: 501c3 Tax Exempt Services
Oct
01
Released from the IRS
Fees for Applying for 501c3 Tax Exempt Status are Set Increase! User fees will increase for all applications for exemption (Forms 1023, 1024, and 1028) postmarked January 3, 2010: $400 for organizations whose gross receipts are $10,000 or less annually over a 4-year period $850 for organizations whose gross receipts exceed $10,000 annually over a 4-year …
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 …
