Is it Your Turn to Make a Difference?
What’s your passion? Helping abused children? Feeding the hungry? If you find the time is right to support your favorite worthwhile cause by forming a nonprofit organization, the IRS website may be your initial step in making your dream a reality.
The IRS website, Stay Exempt, offers 24/7 access to a wide range of online courses specifically designed to support charitable organizations. Topics include step-by-step instructions on how to apply for Section 501(c)(3) status, meet annual filing requirements, and maintain your tax-exempt status.
Courses average less than 30 minutes and include answers to questions commonly faced by tax exempt organizations. The breadth of available topics provides the complete overview of your nonprofit’s life cycle, including courses outlining:
- Starting Out:
- Creating an organization under state law
- Applying for an employer identification number
- Identifying appropriate federal tax classification
- Applying for Exemption:
- Acquiring, completing and submitting application forms
- Understanding how the IRS processes applications
- Getting help from IRS during application process
- Required Filings:
- Annual exempt organization returns
- Unrelated business income tax filings
- Other returns, reports and notices required to file
- Ongoing Compliance:
- Actions to avoid jeopardizing your tax-exempt status
- Disclosure requirements
- Employment taxes
- Ongoing compliance issues
- Significant Events:
- Audits
- Private letter rulings
- Termination procedures
Starting a nonprofit demonstrates a great way to support your passion. Each day thousands of people – people just like you – begin the process of forming a charitable organization. Whether your mission is to provide compassionate care to those in need or to begin fundraising for a humanitarian cause, your noble act of kindness will make a difference.
You can find out more on the Tax Information for Charities and Other Non-Profits page on IRS.gov. For account questions, organizations can call the Tax Exempt and Government Entities toll-free line at 877-829-5500.
At Online Stewardship Accounting & Consulting Services, our experienced team takes pride in building trustworthy relationships with our clients. Give us a chance to help make your passion a reality. Contact us at Lynn@OnlineStewardship.com or 904-398-4747.
