Exempt Orgs, Churches, Non-Profits
Exempt Organizations, Churches and other Non-Profits
Here at DRK Tax & Business Solutions, we provide services for tax-exempt organizations; non-profits, community organizations, religious organizations, labor unions, farm associations and various others. We can assist you and your organization from the beginning process of the corporation formation, organizational needs as well as the necessary tax return filings. Groups seeking tax-exempt status first must form the underlying organization as a nonprofit corporation. State nonprofit corporations laws govern formation of these organizations. Each state sets specific rules and limits for the types of groups that may qualify for nonprofit status, but qualifying groups may incorporate in the same manner as their profit-minded cousins.
There are more than 30 different types of tax-exempt organizations. Our staff at Team DRK will assist you with the organization requirements and maintenance mandates under both the Internal Revenue Code and CA tax law. Team DRK is up to date with the new revisions of the annual tax return that most tax-exempt organizations must file; the revised form must be filed starting with tax year 2008 (returns filed in 2009).
The procedure for gaining tax-exempt status can be lengthy and complex -- requiring time, money, and a certain level of technical expertise in the legal and tax implications involved. Once the IRS grants tax-exempt status, the organization must follow specific operational rules, which require careful oversight and ongoing professional assistance. Despite these obstacles, the result can make a phenomenal difference to achievement of organizational goals. Let Team DRK assist you through the legal maze of forming your tax-exempt organization.
