Filing for Federal Tax Exempt Status

file for tax exempt status

Tax-exempt status refers to the federal income tax exemption that is available for certain kinds of income under section 501(a) of the Internal Revenue Code (IRC). Section 501(a) provides an exemption from federal income tax for 29 different types of tax-exempt entities which are described in IRC Section 501(c).

The process an organization needs to go through to obtain tax exempt status can be difficult, confusing and time-consuming if you try to do it yourself. Avoid the aggravation and get your approval much faster by hiring Raymond H Best, PC, CPA.

Even though nonprofits must watch every penny, when it comes to dealing with the IRS, it’s not the time to be a do-it-yourselfer. The tax-exempt status application is a large document and trying to make sense of it quickly becomes frustrating for the average person. Fortunately, our firm has the application process down to a science. We’ll help you define your mission and clearly explain your charitable purpose in language that the IRS requires to grant an approval. Then we’ll prepare all the necessary paperwork and promptly file the required form with the IRS.

Let us handle the complexities of filing for nonprofit federal tax exemption while you focus on serving your community. Call us at 817-247-3878 or request a consultation now.

Services for obtaining tax-exempt status:

  • Preparing and filing application for tax-exempt status
  • Re-applying for tax exempt status
  • Help repairing your tax-exempt status
  • Help maintaining your public charity status
  • Assistance in establishing a new nonprofit
  • Obtaining a Federal Employer Identification Number
  • Drafting IRS-recommended policies
  • Crafting responses to IRS on inquiries about tax-exempt application form