What do I nee to do for a non-profit tax numbers?

Question

I coach a fastpitch softball team. I need to get a non-profit tax ID for sponsorships and donations. I just don't have a clue where to go and what exactly I need. Any suggestions?

Answer 1

Non-profit status is a state law concept. Non-profit status may make an organization eligible for certain benefits, such as state sales, property, and income tax exemptions. Although most federal tax-exempt organizations are non-profit organizations, organizing as a non-profit organization at the state level does not automatically grant the organization exemption from federal income tax. To qualify as exempt from federal income taxes, an organization must meet requirements set forth in the Internal Revenue Code. See Publication 557 (linked below) for more information.

http://www.irs.gov/pub/irs-pdf/p557.pdf

How your particular group would become a section 501 (c) (3) organization is dependent on the laws of your state.

Answer 2

For donors to be able to deduct donations from their taxes, you need more than just to be a non-profit, you also have to be certified by the IRS as a 501(C)3 organization, probably not likely for a softball team. A non-profit is not necessarily eligible to be 501(c)3.

People (or companies like bars, etc) sponsor teams for the advertising, not for the tax deduction as a charitable donation.

Answer 3

Call the IRS Tax Exempt Goverment Enities (TEGE) at 1-877-829-5500 . They can provide you with the information and forms you need to complete to obtain non-profit status.
You will need to contact your statedept of taxation also to find out their requirements

Answer 4

you can go to the irs website
or
www.quickein.com ang get a ein for 19.95