Are you looking to make a difference in your community? Joining a not-for-profit organization in Maricopa County is a great way to do just that. To be eligible for federal income tax exemption, the organization must meet the requirements set forth in the Internal Revenue Code (IRC). Organizations must file IRS Form 1023 and obtain a tax exemption to be recognized as exempt from federal income tax. The effective date of the exemption will be retroactive to the date the organization was formed. You can determine if an organization is tax-exempt and eligible to receive tax-deductible contributions by looking at the IRS Select Organization Select check or by calling IRS Customer Service at 877-829-5500.
Organizations that qualify to be considered non-profit organizations under the Internal Revenue Code must request an annual exemption letter from the department. Upon approval, an annual exemption letter will be provided to the organization, exempting it as a customer from certain business classifications and its use is limited to the organization only to provide health and medical, educational and charitable services related to health and medicine. If another organization exists, consider working together, as this could be a better way to make an impact in your community and use existing resources. To qualify for exempt transactions, the eligible organization must provide the seller with the annual exemption letter along with the duly completed Arizona Form 5000HC for each location, certifying that the tangible personal property purchased or leased by that branch will be used only to provide educational or charitable services related to health and medicine. Most importantly, you'll gain credibility and legitimacy for your cause and instill public trust in your organization. If the corporation's known registered office is not in Maricopa County or Pima County, within sixty days after the date the articles of incorporation were filed with the ACC, it must publish the full articles of incorporation for three consecutive publications in a newspaper of general circulation in the county of the corporation's known place of business in Arizona. In order to qualify for exempt transactions, the eligible organization must provide the seller with the annual exemption letter along with the duly completed Arizona Form 5000HC for each location where it is certified that the organization uses tangible personal property directly and exclusively in training, job placement, rehabilitation, or testing programs for people with physical or mental disabilities. Joining a not-for-profit organization in Maricopa County is an excellent way to make a positive impact on your community.
By understanding and meeting all of the eligibility requirements set forth by the Internal Revenue Code (IRC), you can ensure that your organization is recognized as exempt from federal income tax. Additionally, you can work together with other organizations to maximize your impact and use existing resources. Finally, you'll gain credibility and legitimacy for your cause while instilling public trust in your organization.
