Organizations whose tax-exempt status was automatically revoked because they did not file required Form 990 series returns or notices for three consecutive years can apply for reinstatement of their tax-exempt status. Revenue Procedure 2014-11Â explains the four...
As of January 31, 2020, the IRS requires that Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, be completed and submitted online through a U.S. government website called Pay.gov. There is a 90-day grace period...
Effective July 1, 2014, the IRS adopted Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. For organizations that are eligible to use the new Form 1023-EZ can complete a 2 page online application...
The following is the text of a July 1, 2014, IRS press release: The Internal Revenue Service today introduced a new, shorter application form to help small charities apply for 501(c)(3) tax-exempt status more easily. “This is a common-sense approach that will help...
Organizations whose tax-exempt status was automatically revoked because they did not file required 990 series returns or notices for three consecutive years can apply for reinstatement of their tax-exempt status. In a new Revenue Procedure 2014-11, the IRS explains...
Question: My Arizona nonprofit corporation filed its IRS Form 1023 and applied to the IRS to become a tax-exempt charitable organization. We understand that the current average time for the IRS to approve an application for tax-exempt status is sixteen months. Can...
10.  Provide the required information on the principal officers and board of directors. List the following information for the principal officers and board of directors:        a) Names; b) Mailing addresses; c) Titles and Positions; d) Annual compensation 9.  ...
Question:Â If my nonprofit corporation files its IRS Form 1023 today, how long will it take before the IRS issues a letter approving the corporation as a tax-exempt Section 501(c) charitable organization? Answer:Â See the the IRS' web page called "Where Is My...
Question: Our nonprofit corporation filed its IRS Form 1023 many months ago and has not yet been approved as a tax-exempt charity by the IRS. Does the corporation have to file its tax return on IRS Form 990? Yes: A nonprofit corporation that seeks to become a...