How to Confirm 501C3 in Illinois?

Answer Charitable organizations or other non-profit entities can be exempt from paying income taxes by registering with the IRS. Because these organizations are not paying what is otherwise a public duty... Read More »

Top Q&A For: How to Confirm 501C3 in Illinois

What is a 501c3?

The term "501(c)(3)" refers to a section of the tax code that offers a tax-exempt status to qualifying organizations.Tax ExemptionsOrganizations accepted under section 501(c)(3) of the tax code are... Read More »

What is a 501c3 non-profit?

In the Internal Revenue Code, section 501c3 describes organizations that are able to receive tax-deductible contributions. These are typically considered charitable organizations, but not all char... Read More »

What is section 501c3?

Section 501 of the U.S. Internal Revenue Code exempts certain organizations from taxation. Sub-section 501(c)(3) identifies specific organizational purposes that qualify for exempt status, includin... Read More »

How do i obtain a 501c3?

Complete IRS Form1023, which is the application for recognition of exemption under Section 501(c)(3) of the Internal Revenue Code. As part of this process, supply the IRS with your company's financ... Read More »