How long do I have to wait between Bankruptcy filings?

After the Bankruptcy Abuse and Consumer Protection Act of 2005 (BAPCPA), the wait times between filing various chapters of bankruptcy changed. For chapter 7 cases, Section 727(a)(8) of the Bankruptcy Code controls and for Chapter 13 filings, Section 1328(f) of the Code controls. These waiting periods are summarized in the following table: Previous Case New… [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]