How To Establish Federal Tax Exempt Status For Your Non Profit Organisation

How To Establish Federal Tax Exempt Status For Your Non Profit Organisation

How To Establish Federal Tax Exempt Status For Your Non Profit Organisation

Chas Rampenthal (Attorney-at-Law) gives expert video advice on: How can I establish federal "tax-exempt" status for my non-profit corporation?

How can I establish federal "tax-exempt" status for my non-profit corporation?

Getting tax-exempt status for a non-profit is a real loaded question and probably something that I could sit and talk for a couple of hours on, as a matter of fact I think law schools have entire classes on it. That being said, most companies when you look at standard charities, they are tax-exempt under section 51c3 of the Internal Revenue Code. There is 51c6 and 51c4 and a bunch of other ones for political, corporate non-profit corporations, for education or religious and you need to take a look at what your corporation is, what it does, and then once you find that out you can take a look at the tax codes. And the IRS website, by the way, its www.irs.gov is a phenonenol resource for you to take a look at that. And you can determine, or at least get an idea of the type of information you're going to need and what kind of tax-exempt application you're going to want to file. After that, my recomendation would definitely be to see an attourney that has some sort of experience in either tax law and non-profit law or someone that has actually represented a non-profit before and understands the filing of that. And, just to be specific, because someone understands and has worked at a 51c3 non-profit which is a general charity, doesn't mean they're necessarily qualified to set up a political non-profit, or even a religious non-profit. I would definetly, I am sure they could learn about it, but I would want to find someone who at least has got a little bit of experience with that.