What Exactly is a 501(c)(3) Application? Know the Facts
To be eligible for federal tax exemptions, non-profit organizations must submit a 501c3 application to the IRS. Even if a successful application results in federal tax exemptions, non-profit organizations must seem to go through a state-level process in order to maintain their 501(c)(3) status. These procedures are referred to as Charitable Solicitations Registration and State Corporate Tax Exemption. Step-by-Step Guidelines for Filling Out a 501(c)(3) Form. Follow this straightforward step-by-step approach to complete your company's 501c3 application: 1st step: Become a member of the Internal Revenue Service (IRS). An organization must be officially registered with that the IRS under one of the following categories to be eligible for 501c3 status: Trust Corporation Association Step 2: Ascertain the Exempt Objective According to the IRS, each organization must establish a specific exempt object in order to become eligible for 501c3 status. The following exempt purposes are permissi...