How To Establish State Tax Exempt Status For Your Non Profit Corporation

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How To Establish State Tax Exempt Status For Your Non Profit Corporation

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

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

A good chunk of the time, once you get federal tax-exempt status you alert your state's boards and they will offer you the same tax-exempt status. That's a good portion of the time. Now, every state's laws defer, and it probably depends on the type of non-profit you are and what you're using for the reason for your exemption. That being said, I would say for most of the people who are listening to this, I would bet that once you get non-profit status at the federal level, that you just need to contact the income tax boards or whatever it is, the equalization board or the franchise board, and discuss it with them. Take a look at their website, and there's probably a one page paper or some sort of form that you'd want to file out and that'll assure you tax-exempt status at the state level also.