Non-Profit Exempt Status Maintenance

Safeguard Your Tax-Exempt Status

Maintaining tax-exempt status is critical for non-profits to continue their mission-driven activities without financial or operational disruptions. At ForMyTax, we provide ongoing support to ensure your organization stays compliant with IRS regulations, allowing you to focus on making an impact.

Comprehensive Exempt Status Maintenance Services

Annual Filings and Compliance

- We ensure timely filing of Form 990, 990-EZ, or 990-N to meet IRS requirements.
- Compliance Monitoring: We track filing deadlines and IRS updates to prevent lapses in your exempt status.

Advisory Services

- Strategic Guidance: Our team offers insights into maintaining compliance with reporting requirements and operational best practices.
- Governance Assistance: We help refine policies and procedures to align with IRS standards, ensuring organizational transparency.

Addressing IRS Notices

- If your organization receives an IRS notice, we assist with responding, correcting discrepancies, and avoiding penalties.
- Documentation Review: We audit your records to ensure they meet IRS standards and can withstand scrutiny.

Reinstatement Services

- In the event of tax-exempt status revocation, we guide you through the reinstatement process, including filing Form 1023 or Form 1024 and addressing compliance gaps.

State-Level Compliance

- Beyond federal regulations, we ensure adherence to state-level reporting requirements, including charitable registration renewals and state tax exemptions.

Why Choose ForMyTax for Exempt Status Maintenance?

Expert Knowledge: Our team stays up-to-date on IRS and state regulations to provide accurate and timely advice.
Tailored Support: We customize our services to meet your organization’s unique needs and operational structure.
Proactive Monitoring: By tracking deadlines and regulatory changes, we help prevent compliance issues before they arise.
End-to-End Assistance: From annual filings to addressing IRS notices, we provide comprehensive support.
Mission-Driven Focus: We handle compliance so you can dedicate more time to your organization’s mission.

How It Works

Initial Assessment: We conduct a detailed review of your organization’s compliance history and operational needs.
Customized Plan: Based on your requirements, we develop a tailored plan to maintain your tax-exempt status.
Ongoing Support: Our team provides year-round assistance with filings, recordkeeping, and addressing regulatory updates.

Frequently Asked Questions

1. What are the key requirements for maintaining tax-exempt status?

Non-profits must file Form 990 annually, adhere to operational transparency standards, and avoid activities that jeopardize their exempt status.

2. What happens if we miss an annual filing?

Missing filings for three consecutive years results in automatic revocation of tax-exempt status. We help ensure timely compliance to avoid this.

3. Can you help with state-level compliance?

Yes, we assist with charitable registrations, state tax exemption renewals, and other state-specific reporting requirements.

4. What should we do if we receive an IRS notice?

Contact us immediately. We will review the notice, prepare necessary responses, and address any issues to resolve the matter quickly.

5. How do you help with reinstating tax-exempt status?

We guide you through the reinstatement process, including preparing Form 1023 or Form 1024, correcting compliance gaps, and ensuring future adherence to IRS standards.

Ready to Secure Your Non-Profit’s Future?

Let ForMyTax take the stress out of maintaining your tax-exempt status. Contact us today to ensure compliance and focus on achieving your organization’s mission.