New IRS Form 1023EZ Helps Small Charities Apply for 501(c)(3) Tax-Exempt Status

Question: Is there a faster way to obtain tax-exempt status for my charity? Answer: Currently, the IRS has more than 60,000 501(c)(3) applications in its backlog, with many of them pending for nine months. IRS Form 1023 is a 26-page monster and requires on average 100 hours of time to complete for layman and a… [Read More]

Does a Church have to have a 501c3?

Question: Does a Church need to apply for 501c3? Answer: While it is true that Section 508(c)(1) of the Code relieves Churches from applying for favorable determination letters regarding their exempt status, there is nothing in Section 508(c)(1) which relieves a Church from having to meet the requirements of Section 501(c)(3). So, in short, a church… [Read More]

How Long is the IRS Taking to Approve Form 1023 Applications for Exemption?

Question: 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: According the the IRS’ website page called “Where Is My Exemption Application?” the IRS is now reviewing applications for tax-exemption filed in… [Read More]