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how to start nonprofit organization and become tax exempt

2007-11-15 03:24:49 · 1 answers · asked by Patrice T 1 in Business & Finance Taxes United States

1 answers

Firstfixthespacebaronyourcomputer.

YOU cannot become tax exempt. The charity can, but any wages it pays you are FULLY taxable.

First step, consult with an attorney. Non-profit status is conferred by the states and each state's rules are unique. Once that's out of the way you can apply for status under IRC Code Sec 501(c)3 so that your donors can deduct their contributions to the charity.

2007-11-15 04:23:25 · answer #1 · answered by Bostonian In MO 7 · 1 0

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