Thank you. 50 videos and finally an application video. You rock.

@LydaGroup

2 жыл бұрын

Thanks for watching! Good luck on your application!

This was very helpful. I was able to complete this crucial process in getting the IRS Form 1023EZ completed. Thank you for the guidance.

@LydaGroup

Жыл бұрын

Great! I’m glad this video was helpful to you!

What a great introduction to the 1023! Thank you!

@LydaGroup

Жыл бұрын

Thank you! I hope it is helpful!

Quick Video and informative. Thank you!

@LydaGroup

8 ай бұрын

Thank you for watching - glad it helped!

This was very good, thank you!

Thank this was incredibly helpful and knowing that the ez is an option for me lessens my anxiety about paying so much to file.

@LydaGroup

2 жыл бұрын

Thanks, and good luck!

Thank you so much for this. 🙌🏾

@LydaGroup

2 жыл бұрын

You're so welcome!

thank you...

@LydaGroup

8 ай бұрын

Thanks for watching!

Good lord I didn't realize it was $600. I'm in the process of doing the 1023 for my private operating foundation! Excellent video.

@LydaGroup

Жыл бұрын

Thank you! EZ is currently $275 if you qualify (qualification guidelines are on the IRS website). Hope that helps!

@kimmie7379

Жыл бұрын

Just make sure you look into the EZ form. I found out that you cannot get grants and if you make more than $50,000 you cannot file 1023 afterwards.

This is so awesome. Thank you! I'm wondering what would happen if I'm approved for 501 C3 EZ and end up earning more than $50,000. What happens to my organization if we gather a higher income than this?

@blondequijote

Жыл бұрын

Gotta love optimistic preemptive problem-solving questions.

@kimmie7379

Жыл бұрын

I know you cannot file form 1023 after you file a 1023EZ. If you plan on going big just file the 1023 Form.

@WalkingInFaithJourneys

4 күн бұрын

Great question

Thank you! What if it is past the 27 months since the founding of the organization? Are there options to apply for 501c3 still?

@sufrutoverdeus

2 жыл бұрын

Gostaria de saber, estou com a mesma dúvida pois minha organização tem aproximadamente 12 anos e somos do Brasil

@LydaGroup

2 жыл бұрын

This typically requires a showing of good cause. Find more here: www.irs.gov/charities-non-profits/charitable-organizations/application-filed-late

Thank you for valuable information. I appreciate it very much. I have a quick question few individuals wants to setup a 501 c(3) so they can donate money on monthly basis but this entity will fund money over seas for widows in the financial support. Can they still form non for profit and get tax exempt status? Thanks

@LydaGroup

Жыл бұрын

Thank you! Every situation is different, so I can't speak to those specific individuals, but I can say that the concept of creating a domestic nonprofit that benefits people overseas is generally acceptable (again, depending on the specifics).e

@darshansingh8217

Жыл бұрын

@@LydaGroup Thank you Mark!

Hello, I am Starting A Non Profit to give scholarships in another country, I already register as a foundation and my next step is to file form 1023 EZ in Texas. My question is, if I can start doing fundraisers already or I have to wait?. I don't have the capital to start with the help I want to give.

@LydaGroup

3 жыл бұрын

If you’re 1023 is eventually approved, your donors’ donation will be considered tax-deductible, even for the fundraisers you do now. If your application is not approved, the donors will not be able to deduct those donations from their personal income taxes. But generally yes it is okay to fundraiser before your 1023 or 1023 EZ is approved.

It appears that the 501c3 that I have worked with just found out that our person that was suppose to be doing our taxes, did nothing. So we switched from being an LLC in 2016 to a 510c3. We were approved and appeared we were all set. Our form 990 was never submitted starting that year. So naturally, we lost our status with the IRS. What steps are needed to obtain our 501c3 status? Would it be filling out this form 1023 again? Or, trying to retroactively fill out all of the missed 990's in the past number if years that were missed?

@LydaGroup

7 ай бұрын

Sorry to hear it! The IRS offers guidance on that question on pp. 2 and 3 here: www.irs.gov/pub/irs-tege/auto_rev_faqs.pdf. Thanks for watching!

Are we able to ask you questions?

@LydaGroup

8 ай бұрын

Thanks for watching! While I try to respond to whatever I can, I cannot provide legal advice (such as answering questions about a specific circumstance) in this forum.

I failed to submit my 1023 Ez form in 2013 due to transition from one state to another. I lost it but found it today. It is too late to file?

@LydaGroup

5 ай бұрын

Thanks for watching - here's some guidance from the IRS on late 1023's: www.irs.gov/charities-non-profits/charitable-organizations/application-filed-late#:~:text=An%20organization%20that%20files%20an,organization%20can%20show%20good%20cause.

@LydaGroup

5 ай бұрын

And here: www.irs.gov/pub/irs-pdf/i1023ez.pdf