Home > Uncategorized > Businesses: Certain Non-Profits Now Have Easier Time Applying for Federal Tax Exemption

Businesses: Certain Non-Profits Now Have Easier Time Applying for Federal Tax Exemption

Great news for Small Non-profits – the Federal Government is making it easier, more cost-effectively and potentially quicker to gain 501(c)(3) Exemption.

 

The IRS just came out with its IRS 1023-EZ form, you can see the instructions by going to the follow link

Some of the highlights:

 

1. Only 501(c)3s are eligible.

 

If you are looking for tax exemption under any other provision of the IRC you need to still complete out the full application.

 

2. LLCs are not eligible.

 

Although LLCs can gain tax exempt status, LLCs cannot use this new application.

 

3. User Fee is only $400 and application is completely online.

 

This is less than half of the full application cost ($850), put it must be paid when you file online.

 

Questions? Comments?

 

Email: Jeshua@dwlawpc.com

http://www.dwlawpc.com

 

 

 

 

Advertisements
Categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: