Obtaining tax-exempt status can be very difficult and frustrating process for anyone . Internal Revenue Service maintains a strict requirement and scrutinizes the tax-exempt application very carefully.
There are two different applications for tax-exempt status: Form 1023 and Form 1024.
Form 1023 conveys 501(c)3 status which is tax-exempt and can receive donations that are tax-deductible for individuals or firms. Form 1024 conveys 501(c) status for civic, social, and certain types of organizations that are not eligible to offer tax-deductions for donations.
Deaftax.com provides services for completing the Form 1023 and 1024 application.
- File name trademark in home state
- File non-stock or non-profit corporation status in state
- Get Employer ID Number
- Open a bank account
- Filing Form 1023/1024
- Review required documents
- Mailing the application
- Follow up with the application
Deaftax.com charges $100-$200 a hour depending on the services needed for application.