HAVE A MISSION? LET US HELP YOU OBTAIN YOUR TAX-EXEMPT STATUS
Primary benefit for nonprofits, is to have a tax-exempt status. All you need is to hire CPA CLINICS and let us file your tax-exemption status. Hiring CPA CLINICS is necessary because filing a 501 (c) (3) application with IRS is quite daunting. Fill up our simple questionnaire and let CPA CLINICS work to obtain tax exemption status for you. You can register nonprofit entity today with us.
Let CPA CLINICS Handle Your 501(c)(3) Application
Answer a couple of inquiries and your 501(c)(3) application will be prepared in no time.
Are You Nonprofit Company?
Take some time to give us a basic data and we will set up your tax-exempt application with IRS. It’s easy for us.
Only One Time Payment
You just need to make one time payment only, rest assured we will submit your application on time.
Enjoy Tax-Exempt Status
The sooner you get your tax-exempt status, the sooner you can begin raising funds to build your vision. Let us assist you!
Benefits of Outsourcing Your 501(c)(3) Tax-Exempt Status Application
Our proficient staff has vast experience in dealing with every type of petitioning for nonprofit organizations.
Take Our Professionals Help
CPA CLINICS knows precisely how to compile tax-exempt status applications, and take the difficult time of documenting from your hands.
Express Services
Our express service for 501(c)(3) application will assure you there is no mistake and is filed in the first run. Do not let the mistakes slow you down, use our express 501(c)(3) application.
Enjoy The Exemption
Our top-class services will allow you to enjoy a tax-exempt status in no time. You don’t have to spend your valuable time researching the process while you can take CPA Clinics professionals on board.
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We not only prepare the documents for you we also notify you of deadlines for important documentation filing.
501(C)(3) Organization
Section 501(c)(3) is a portion of the U.S. Internal Revenue Code (IRC) and a specific tax category for nonprofit organizations. The IRS recognizes thirty types of organizations [nonprofits] that fall in the 501(c)(3) status. Organizations that are be suitable as 501(c)(3) are unique and donations are tax-deductible for donors. The nonprofit organizations that meet the 501(c)(3) requirements are relieved from federal income tax.
These are the three types of organizations that are outlined in Section 501(c)(3): private foundations, charitable organizations, churches, and religious organizations. The U.S. Department of Treasury, through the Internal Revenue Services (IRS), delimited rules in Section 501(c)(3).
The nonprofit 501(c)(3) organization is categorized by the IRS as religious, for public safety, literary, scientific, charitable, fostering national or international amateur sports competition, educational, and preventing cruelty to children or animals.
501(c)(3) Organization Requirements
To be applicable for 501(c)(3), an organization can’t work for the private interest of any individual, interests like creators’ interest, organization shareholders, the creator’s family, or any designated individual. All income generated is subject to use only for the cause of the organization. The income cannot be used for the personal wellbeing or advancements of its organizers or any shareholder. 501(c)(3) status organizations are not applicable to support any individual personal interest, i.e., support a political candidate on behalf of its organizers or shareholders’ interest. Engaging in lobbying is prohibited unless its expenditures are below a certain amount. The 501(c)(3) applicable organization has to pay the market competitive gross with no exception to bonus or reimbursement.
An organization must remain on its actual and founding purpose to remain tax-exempt under Section 501(c)(3). i.e., if a nonprofit was entitled to tax-exempt under Section 501(c)(3) for its cause of giving access to high-quality education to non-privileged students; then, it must maintain this purpose. However, suppose the organization is shifting its vision from education to providing food and shelter to homeless people. In that case, it must notify the IRS first to prevent losing its tax-exempt status.
Comprehensive 501(c)3 Application Services
CPA Clinics can help you get 501(c)(3) Status for your nonprofit organization. If you haven’t got one, we can also help you file a nonprofit business entity for you. Do you think that you can change the world with your idea and you need a nonprofit organization status for this? We can help you file a nonprofit organization for you and get a 501(c)(3) status for you.
Key Takeaways
- The tax status of section 501 (c) (3) applies to non-profit organizations.
- Organizations that meet the criteria are exempted from federal income tax.
- The Internal Revenue Service (IRS) distinguishes 30 types of nonprofit organizations.
- Donations to those organizations are tax-deductible for donors.
- Section 501(c)(3) states nonprofit organizations must pay fair wages to employees.
- The nonprofit organization must not diverge from its purpose or mission to have the Section 501(c)(3) status.
501(C)(3) Tax Exemption FAQ'S
The 501(c)(3) is the tax-exempt status for non-profit organizations. Especially those that are public charities, private foundations, churches and other non-profit organizations.
You can directly call IRS at 1-877-829-5500 to know your 501(c)(3) tax exemption status. An agent will look up your status and inform you if you provide a name, address and employer identification number.
501(C)(3) organizations are covered in Tax-Exempt Status. Companies that are charitable and non-profit are covered in 501(C)(3) tax-exempt status.
Most non-profit’s entities are exempt from most federal income taxes and state taxes such as property taxes and sales taxes.
The organization must not be entitled to any federal income tax or state tax in the previous year and must not ow no federal or state taxes in the current tax year.
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