When the IRS examines a 501(c)(3) application, one of the major issues they are looking for is any potential conflict that exists. This conflict of interest could exist between the nonprofit organization and its board members, directors, trustees, or key employees. In my experience working with clients who are applying for their 501(c)(3) status, I …
Tag Archive: 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 …
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 …
