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501C 3
Filing for 501(C)(3) status requires time and organization. One of the first steps would be deciding what kind of organization you want to run and whether it will be a private or public organization. Choose an issue that is important to you or something that is a matter of public interest. Such issues may include arts, charities, education, politics, religion, research, or some other non-commercial endeavor.
The benefits of a 501(C)(3) exemption status are:-Exemption from federal and/or state corporate income taxes.
-Possible exemption from state sales and property taxes (varies by state).
-Ability to apply for grants and other public or private allocations available
only to IRS- recognized, 501(C)(3) organizations.
-Potentially higher thresholds before incurring federal and/or
state unemployment tax liabilities.
-The public legitimacy of IRS recognition.Discounts on US Postal bulk-mail rates and other services.
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