Richard Keyt, JD, is a seasoned attorney with over 30 years of experience in nonprofit law. As a founding partner of KEYTLaw, LLC, Richard is passionate about helping individuals and organizations establish successful nonprofit entities in Arizona. His expertise and commitment to client success have made him a trusted advisor in the field.
Question: What is the difference between nonprofit and tax-exempt status? Answer: Nonprofit status is a state law concept. Nonprofit status may make an organization eligible for certain benefits, such as state sales, property and income tax exemptions. Although...
Question: How can my application for tax-exempt status be expedited? Answer: In general, applications are processed in the order received by the IRS. Sometimes, however, the IRS will work a case outside the regular order. For expedited processing to be granted,...
Question: How do I obtain an application for tax-exempt status? Answer: Most organizations applying for exemption must use specific application forms. Two forms currently prescribed by the Service are Application for Recognition of Exemption Form 1023 (and...
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