Question: How Do I Get IRS Tax Exempt Status?

How long does it take to get tax exempt status from IRS?

Typically, IRS 501(c)(3) approval takes between 2 and 12 months, inclusive of likely written follow-up questions..

How do I reinstate my IRS tax exempt status?

More In File If an organization has had its tax-exempt status automatically revoked and wishes to have that status reinstated, it must file an application for exemption and pay the appropriate user fee even if it was not required to apply for exempt status initially.

How much does it cost to file for tax exempt status?

How much is the user fee for an exemption application? The user fee for Form 1023 is $600. The user fee for Form 1023-EZ is $275. The user fees must be paid through Pay.gov when the application is filed.

What constitutes tax exempt status?

Tax-exempt status means that an organization is exempt from paying federal corporate income tax on income generated from activities that are substantially related to the purposes for which the entity was organized (i.e., to the purposes for which the organization was granted tax-exempt status).

How do you qualify for tax exempt status?

To qualify for tax exemption, the nonprofit organizations must apply under Section 501(c)(3) of the Internal Revenue Code. The status allows the organizations to write off their contributions on their individual tax returns.