How to Obtain Your Nonprofit EIN From the IRS

🎓 Try Our Course:
🚨 How to Represent Yourself in Court - And Win!
🔗 Take it now at lydagroup.com/courses.
👀 These are the techniques I teach to attorneys. Hours of instruction, in bite-sized pieces.
💳 All for less than the price of one hour of attorney time.
⚖️ Taught in plain language, not legalese...
*** * FREE 2023 Guide to Tax Strategies for Private Foundations: info.foundationsource.com/xm-...
--
Get a free month of Audible, keep 1-2 free audiobooks (and support our channel!) here: www.audibletrial.com/lyda
-
Our businesses use Gusto for easy, reliable, inexpensive payroll and benefits. Try it here: gusto.pxf.io/lyda
-
* In the next step in our "How to Start a Nonprofit" playlist, we show you exactly how to obtain your employer identification number (EIN).
---
Connect With Lyda Law Firm:
LinkedIn: / lydagroup
Website: www.lydagroup.com
Facebook: / lydagroup
Instagram: / thelydagroup
Twitter: / lydagroup
Twitter: / marklyda
---
All videos are for educational and entertainment purposes only. This is not legal advice and should not be relied on as such. Every case is different. Consult a licensed professional in your state. Mark Lyda is a Colorado-licensed attorney. Viewing this channel or its content does not create an attorney-client relationship with Lyda Law Firm or any of its lawyers.

Пікірлер: 20

  • @qrips3
    @qrips32 жыл бұрын

    This is great info and very straight to the point! Keep on the good works. Love it!!

  • @LydaGroup

    @LydaGroup

    Жыл бұрын

    Thank you so much!

  • @DreenoBeatz
    @DreenoBeatz Жыл бұрын

    Very helpful, thank you for the walkthrough

  • @LydaGroup

    @LydaGroup

    Жыл бұрын

    Glad it was helpful!

  • @immigration.nation.llc.spanish
    @immigration.nation.llc.spanish Жыл бұрын

    Thank you very much. Excellent information.

  • @LydaGroup

    @LydaGroup

    Жыл бұрын

    I’m glad it was helpful!

  • @bridgetpalmer8967
    @bridgetpalmer8967 Жыл бұрын

    Thank you!!

  • @LydaGroup

    @LydaGroup

    Жыл бұрын

    Thanks for watching!

  • @pressstart8197
    @pressstart81974 ай бұрын

    For the start date, is it the date when you file the articles of incorporation or is it can just be whenever?

  • @jingqiuzhang3339
    @jingqiuzhang333911 ай бұрын

    if I have already filed articles of nonprofit incorporation with my state and got confirmation back, do I still select other "nonprofit organization" as entity type or do I select "corporation" as entity type?

  • @bebelynsemiho3143
    @bebelynsemiho3143 Жыл бұрын

    If you have an existing business using DBA which has EIN already and you want to open another business using DBA, you will have to get another EIN?

  • @LydaGroup

    @LydaGroup

    Жыл бұрын

    Think of the DBA sort of like a nickname. The consideration of whether to get another EIN depends more on issues of tax strategy, liability protection, and potential for unnecessary complexity. Thanks for watching!

  • @cynthiafields2168
    @cynthiafields2168 Жыл бұрын

    Do I have to be LLC before I can apply for a non-profit EIN?? Thanks!

  • @LydaGroup

    @LydaGroup

    Жыл бұрын

    Not necessarily an LLC (can be a different type of entity), but the IRS says you should form a legal entity before obtaining your EIN. Here is what their website says: Don't apply for an EIN until your organization is legally formed. Nearly all organizations are subject to automatic revocation of their tax-exempt status if they fail to file a required return or notice for three consecutive years. When you apply for an EIN, we presume you're legally formed and the clock starts running on this three-year period.

  • @Skbasha-cc4lh
    @Skbasha-cc4lh4 ай бұрын

    Hai want 501(c)3

  • @waldo805
    @waldo805 Жыл бұрын

    If I selected for banking purposes, is there a way to change it to starting a new business? I already got the EIN number.

  • @LydaGroup

    @LydaGroup

    Жыл бұрын

    I honestly have no idea what the IRS does with that information. But it is easy to get a new EIN for a new entity.

  • @waldo805

    @waldo805

    Жыл бұрын

    I’m trying to do a non-profit for a youth baseball team. But since I created one with a name, I can’t use the same name for the new entity.

  • @esngalle
    @esngalle2 жыл бұрын

    is is free , why there are so many sites tricking you to pay $250?

  • @ikobzey

    @ikobzey

    2 жыл бұрын

    because they can!