Chicago Not-For-Profit Attorney Helps With:
Tax-exempt Applications For Illinois Nonprofits
A 501(c)(3) tax-exempt status is one of the most important factors for many non-profit organizations and corporations operating in Illinois. In many cases, it is the tax exemptions from the IRS that allows the non-profit to survive and continue providing for its respective community. Due to the significance of tax exemption, it is essential to properly complete all taxation materials and file them in accordance with Illinois and federal laws. Fortunately, with the aid of a non-profit attorney experienced in tax-related matters, you can expect comprehensive legal oversight regarding your 501(c)(3) tax-exempt applications.
With over 20 years of experience and hundreds of successful IRS applications for Illinois not-for-profit corporations, Glenview attorney James C. Provenza can help gather the materials necessary for your application and ensure that everything’s in place before you file for tax exemption.
What’s Needed For Illinois Tax Exemption
Most non-profit corporations operating in Illinois have their tax-exempt status. In general, this means that an organization was formed as a religious, charitable, educational, scientific, or literary organization, and is, therefore, eligible for both state and federal tax exemptions.
When applying for federal tax exemption with the IRS, you’ll need to complete Form 1023 for 501(c)(3) organizations or Form 1024 for 501(a) organizations (other non-profit or tax-exempt organizations).
In terms of filing for Illinois tax-exemption, you already have most of the materials needed to apply for tax-exemption if you formed your non-profit in accordance with the General Not For Profit Corporation Act of 1986. To apply for the Exempt (E) number, however, you will also need to send a cover letter using your organization’s letterhead, and you’ll need to include:
- The articles of incorporation if your organization is incorporated
- The organization’s constitution if your organization is unincorporated
- The non-profit bylaws
- An IRS letter reflecting your federal tax-exempt status (if your organization has one)
- Your most recent financial statement
- A letter regarding your organization’s intentions, purposes, functions, and activities
- Brochures or any other related information about the non-profit
After effectively gathering these materials or any other related materials, you’ll need to send the tax-exempt application to the following address:
Central Registration Division
Illinois Department of Revenue
PO Box 19476
Springfield, IL 62794-9476
Take Advantage of Tax-exempt Applications With Chicago’s Nonprofit Attorney
Properly gathering, completing, and filing the materials needed for federal and state tax-exempt status can be a complicated, time-consuming affair. Furthermore, if your application doesn’t meet the standards and/or expectations of the IRS or the Illinois Department of Revenue, you could be denied this fundamental benefit for non-profits. In order to structure your nonprofit to meet federal and state standards and, therefore, strengthen the efficacy of your application, contact James C. Provenza & Associates, PC at (847) 729-3939 today.
