501c3 Tax Exempt Status

IRSprices effective February 8, 2017

 IRS Streamlined Form 1023-EZ Application includes:

  • Determine your eligibility for IRS Form 1023-EZ
  • Examine your organizing documents for compliance with Form 1023-EZ
  • Explain the important parts of the Form 1023-EZ and be with you over the phone while you input the information (your option).
  • Research and inform you of any necessary forms from your state for tax exemption.

Cost: $250 plus IRS fee of $275. IRS fee used to be $400, but effective July 1, 2016 is $275  (paid to the IRS directly).

While the 1023-EZ form is much simpler than the full Form 1023, it is very important that you determine if you are eligible to use the form. That’s where my experience will help you.

Please contact me to request an engagement letter and questionnaire for the 1023-EZ application. We will arrange a mutually agreeable time for a phone consultation.

 

Full 501(c)(3) Application includes:

  • Preparing the IRS Application for Tax Exempt 501c3 Organizations (Form 1023)
  • All correspondence with the IRS during the application process
  • Explaining your state filings for tax exempt organizations

You will need bylaws and Nonprofit Incorporation  in your state before applying for 501c3 exemption.

This service involves several telephone calls and e-mails.

Cost: $750 plus IRS fee of  $400 or $850. Approximate time 6 weeks.

 

Full 501(c)(4) or 501(c)(7) Application includes:

  • Preparing the IRS Application for Recognition of Exemption (Form 1024)
  • All correspondence with the IRS during the application process
  • Explaining your state filings for tax exempt organizations

This service involves several telephone calls and e-mails.

Cost: $500 plus IRS fee of  $400 or $850. Approximate time 6 weeks.

The Form 1024 is a little less complicated that the Form 1023 for 501(c)(3) organizations, so my fee is lower.

 

State filings:

You’re not finished with the paperwork when you receive the IRS letter. Your state may have several required forms for you to file as well. This service includes:

  • Researching your state’s required filings for new tax exempt organizations
  • Research annual filings required by your state
  • Drafting a letter for your board and future boards explaining the required forms with dues dates

Cost: $50-$100. This does not include preparing any of the state forms, nor any state filing fees. Most nonprofit organizations find they can file the state forms themselves.

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Today we received a letter from the IRS stating that we have been granted 501c3 status!!! Wooohoooo!!!

Thanks for all of your help. We never would have had the confidence to pursue this further if you hadn’t been so encouraging.
Doing a happy dance…
-Shawna Amick, SHINE, TX
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Review of Self Prepared Application

I will review  forms you have prepared. Your organization can save money by doing much of the work yourself. I will review your Form 1023 Application for Tax Exempt Status and offer my opinion and advice.

Cost: $75/hour for approximately 2 to 4 hours (approximate total cost $150-$300). Time: 1-2 weeks.

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After submitting two rounds of clarifications about our group, we are now tax exempt!!  We also have received tax exempt status in KY:)
Thank you so much for your help during this process, it was definitely what made the difference!
-Suellen Barnes, Homes For His Glory, KY
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Does your homeschool group need 501(c)(3) tax exempt status? Read these helpful articles:

Contact HomeschoolCPA, Carol Topp, CPA, to arrange for assistance in applying for 501(c)(3) tax exempt status.

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