Monday, February 2, 2015

Do It Yourself 501(C)(3) Filing In Alabama

Folder articles of incorporation after defining your aggregation.


Pathway the creation of your 501(c)(3) alignment in Alabama carefully. The IRS closely regulates 501(c)(3) organizations to ice that they are indeed not for Income. 501(c)(3) organizations ""must be organised and operated principally for devout, charitable, scientific, testing for habitual safety, literary, or educational purposes, or to foster federal or international amateur sports competition, or for the prevention of cruelty to children or animals," according to The Foundation Battery. Box 5616; Montgomery, AL 36103-5616. Turn in two copies of the articles of incorporation in the county where the non-profit's registered office is. Call (334) 242-5324 if you have questions.



Clearly fix forth what the design does, its goals and who it serves. Constitute a board of directors to balm captain the forming. The Alabama Secretary of Native land does not reserve names for non-profit corporations.


2. Devise articles of incorporation and bylaws. These are written to ease protect officers, members, and others associated with the constitution. A document of Registered Agents (not endorsed by the Country of Alabama) can be father on the Alabama Secretary of Territory website.


3. Submit a draw up of the articles of incorporation to the Secretary of Government at P.O. To mature a 501(c)(3) in Alabama, an conformation must proceed from the governance's filing procedures further as handle for federal excise exemption.

Instructions

1. Define the attitude and aim of the group. A $20 fee applies, and a Probate Judge Fee must be paid besides. Check with the Probate Judge in your county for information on the current fee. The minimum fee is $25.


4. Complete and submit Internal Revenue Service Form 1023, Application for Recognition of Exemption, to P.O. Box 12192; Covington, KY 41012-0192 to obtain 501(c)(3) federal tax exempt status. Form 1023 can be obtained on the IRS' Charities website, or by calling (800) 829-3676. The filing fee is $850 if your organization's revenues are more than $10,000 per year over a four year period, and $400 if they are less than $10,000 per year over a four year period. Your organization is automatically exempt from Alabama corporate income taxes once it receives federal tax-exempt status.


The IRS will look for any potential conflicts of interest and to see that no one associated with your organization stands to benefit from it financially. The application can be up to 50 pages long with attachments.