501(c)(3) FAQs [MHLS]

501(c)(3) Explained [MHLS]

Which 990 form do we fill out"? [IRS]

IRS Launches On-Line Workshop for Exempt Organizations

The free online workshop – Stay Exempt – Tax Basics for 501(c)(3)s – consists of five interactive modules on tax compliance topics for exempt organizations:
· Tax-exempt Status – How can you keep your 501(c)(3) exempt?
· Unrelated Business Income – Does your organization generate taxable income?
· Employment Issues – How should you treat your workers for tax purposes?· Form 990 – Would you like to file an error-free return?
· Required Disclosures – To whom do you have to show your records?

Users can access this new training program at www.stayexempt.org. Users can complete the modules in any order and repeat them as many times as they like. The online training website does not require registration and its visitors will remain anonymous.

Elimination of the Advance Ruling Process [IRS]

Helpful Links [501(c)(3)]:

• IRS Booklets:
  • Applying for 501(c)(3) Tax-exempt Status
  • Compliance Guide for 501(c)(3) Tax-exempt Organizations
• Tax Information for Charities & Other Non-Profits (IRS)
• 501(c)(3) Application (IRS)
• IRS Publication 557, "Tax Exempt Status For Your Organization"
• IRS Publication 526, Charitable Contributions (Information on organizations that qualify to receive deductible contributions and deduction guidelines.)
• Help in Filling out your 501(c)(3) Application [Form1023Help.com]
• GuideStar.org
• Need a copy of your 501(c)(3) determination letter from the IRS? Call 877.829.5500

Helpful Links [NYS Exempt Organization Status]:

• Procedures for Forming and Changing Not-for-Profit Corporations in New York [NYS OAG]
• Statutes & Regulations [NYS OAG]
• Annual Filing Forms & Instructions [NYS OAG]
• NYS Charities Bureau Forms and Brochures [NYS OAG]
• Other Resources:
  • Starting a Nonprofit Organization