In all 50 states of USA, non-profit organizations are often required to file annual reports and get permits to do certain activities from the local or state government. Internal Revenue Service is responsible for tax exemption status while the state is responsible for organizations’s corporation status. Some examples of required filings by the state & local governments are:
- Annual corporation registration
- Solicitation permit
- Sales tax exemption certificate
- Bingo or raffle permit
- Property report
It is the responsible of the non-profit organization to comply with federal and state requirements to keep the tax-exempt status every year. Some forms or filings require fees for organizations to pay, which is the responsible of the organizations. Average annual expense to maintain compliance is about $500 – $1000 a year, depend on the amount of revenue from donations.
Deaftax provide a hourly preparation service to prepare the form for filing with the state & local government. Deaftax can search to see if non-profit organization is in good standing or needs to submit forms to keep the tax-exempted status. Contact Deaftax for price quote.