Non-Profit Tax Exemption Filing
We can help your newly formed non-profit register for tax-exempt status with the IRS and help you fill in the forms for any state use tax exemption applications.
Typical 501(c)(3) organizations will fill in IRS form 1023-EZ or 1023.
Whether you need help with all, the steps in the process of forming a non-profit organization, or you just need to file tax-exempt status with the IRS and the states, we’re here to help. There are more than 30 types of non-profits that can be established in the United States, but typically two main types of forms are used to file tax-exemption:
- IRS Form 1023 for 501(c)(3) charities, corporations, limited liability companies (LLCs), unincorporated associations and trusts
- IRS Form 1024 for other 501(c) organizations (e.g., community/social welfare organizations, business leagues, etc.)
Both forms can be long and detailed. At The Law Offices of Randle B. Pollard, we can help make sure you’re submitting the right form, and take care of the legal paperwork you need so you don’t have to worry about it.
OTHER WAYS WE HELP WITH NON-PROFIT FORMATION
Governance Bylaws Creation
Bylaws are critical for non-profits as the “internal operating rules for an organization” – essentially guidance for how a board should act in different situations. When issues arise, bylaws give organizations the tools they need for resolution. Even though they don’t need to be filed with the State, nonprofit bylaws are also essential if you have a 501(3)(c) organization and want to become tax exempt.
File Articles of Incorporation
We’ll help you draft and file articles of incorporation for a nonstock corporation within a particular state. Generally, articles of incorporation include:
- The non-profit’s corporate name
- Name and street address of the corporation’s initial registered agent
- The non-profit’s purpose
- Whether the non-profit will have members
- How directors will be elected
- Name and address of the initial director or directors
- Other limitations and restrictions
ONGONG TAX COMPLIANCE
We advise clients on a number of compliance issues relating to:
- IRS audits and controversies
- IRS rulings & regulations
- Penalties for “excess benefit” transactions
- Lobbying & political activities
- Partnerships and other joint ventures between exempt organizations (or between an exempt organization and a non-exempt organization)
- Private foundation rules
- Reasonable compensation and excess executive compensation issues
- Unrelated business taxable income
- And more
Other State Form Filing
Depending on the state and your non-profit type, you might need to file additional paperwork including state and use tax exemptions, or register with a state department (e.g., a Department of Consumer Services etc.). We can help advise you on what’s needed and execute that on your behalf.