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Frequently Asked Questions

What steps can an organization take to avoid unnecessary delays in obtaining 501(c)(3) tax-exempt status?

To avoid unnecessary delays in obtaining 501(c)(3) tax-exempt status, organizations should take several steps. Firstly, they should strictly follow the instructions provided by the IRS when filing their application. This includes submitting complete and accurate information, and paying the appropriate fees. Secondly, organizations should understand the requirements and instructions for the application and complete it accordingly. This includes providing a description of activities, articles of incorporation, EIN, policies and bylaws, publications, printed materials, and financial information. A filing fee of $600 is also required. Thirdly, organizations should consider hiring an attorney specializing in nonprofits to assist with the application. This can help ensure that the application is completed correctly and can potentially speed up the process. For smaller organizations with total annual projected revenue below $50,000, they can use Form 1023-EZ to quickly obtain tax-exempt status. This form can only be submitted online, which can also speed up the process.
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