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Home > Money & Services > Taxes   »   How to file a 501c3

 
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Old Oct 31, 2007, 07:17 PM
revbrenda
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How to file a 501c3

I am a new ministry and with only about 10 members and I would like to know how to file for the 501c3, I'm told I must have this before I can start my church, but at this time I'm doing it from my home and internet. so what can I do. My finance are short.

Thank you,
Rev. Brenda Morris

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Old Nov 1, 2007, 10:48 AM   #2  
ebaines
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Here you go:

http://www.irs.gov/pub/irs-pdf/p1828.pdf

Tax Information for Charitable Organizations

You will need an employee identification number (EIN) from the IRS - even if you dont have any employees.
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Old Nov 1, 2007, 12:41 PM   #3  
AtlantaTaxExpert
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Rev Morris:

Setting up a 501c3 is an expensive proposition. There is a multiple page form that has to be filed with a $300 fee attached.

Following that, the annual tax return must be prepared by a tax professional who specializes in filing returns for 501c3 organizations. While you probably will pay no taxes, the costs associated with the annual tax return filing are NOT cheap.

Now, I believe that churches are considered to be tax-exempt by default and are NOT required to file for the 501c3 designation due to their default status (see page 3 of the IRS Pub 1828 provided by Ebaines).

A phone call to a tax professional who specializes in 501c3 tax filings should answer all the pertinent questions.

You can file for the EIN over the phone with the IRS at no charge.
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