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#1 Mistake Applying for 501c3 Status

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Boss on a Budget - Build a Strong Nonprofit

When applying for 501c3 status for a 501c3 nonprofit, many DIYers make a grave mistake that can completely derail their plans. As a startup nonprofit, you should know how to fill out the 1023 IRS form so you don't have the wrong designation when applying for taxexempt status.

In this video, I talk about the most common mistake I see new nonprofits make when applying to become a taxexempt organization. Learn how to answer the IRS forms correctly and what to look out for so you don't delay your plans to serve your community, when applying for 501c3 status.

The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the video's topic, or any other legal matter, consult with an attorney or tax professional in your area.

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TO LEARN HOW TO START A NONPROFIT, DOWNLOAD MY FREE NONPROFIT STARTUP CHECKLIST: https://rebrand.ly/npchecklist

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FOR HELP FORMING YOUR NONPROFIT THE RIGHT WAY, USE MY NONPROFIT STARTUP WORKBOOK: https://rebrand.ly/npstartupworkbook

★☆★ Subscribe to my Channel: ★☆★
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★☆★ Read my blog on becoming a nonprofit:
https://www.bossonabudget.com/blog1/...

To see the IRS Form 1023: https://www.irs.gov/formspubs/about...

To see the 990 form: https://www.irs.gov/formspubs/about...

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★☆★ READ MY BLOG ★☆★
https://www.bossonabudget.com/blog1

★☆★ FREE RESOURCES FOR YOUR NONPROFIT ★☆★
https://www.bossonabudget.com/freeres...

posted by ajuasdy