The IRS Form 1023 is an important document for any organization that is seeking tax-exempt status from the Internal Revenue Service (IRS). This form is used to apply for recognition of exemption from federal income tax under Section 501(c)(3) of the Internal Revenue Code. It is important to understand the requirements and the process of filing this form in order to ensure that … [Read more...] about A Guide to Filing IRS Form 1023 for Nonprofit Tax-Exempt Status
Nonprofit
Benefits and Steps to Starting a Nonprofit Organization
A nonprofit is an organization that is formed and operated for the purpose of providing a public service or benefit to the community. Nonprofits are typically funded by donations, grants, and other forms of philanthropy. Unlike for-profit businesses, nonprofits are not driven by the goal of making a profit, but instead focus on providing services and programs that benefit the … [Read more...] about Benefits and Steps to Starting a Nonprofit Organization