answersLogoWhite

0

Preuming you mean your corporation. Individuals can't be tax exempt. Most information about what entitties have a chance of qualifying is found in Section 501 of the Internal Revenue Code. The application process is a tedious and exacting, as is the on going filings (you will file more and in many ways more complex, more scrutinized and open to public review returns each year to maintain tax exempt status). Some basic information is available at: http://www.irs.gov/charities/article/0,,id=136200,00.html You would generally start with package 1023 or 1024, depending on your type of organization.

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

What year do vehicles become tax exempt?

After 25 years


Not tax exempt do i tax this?

Not tax exempt would mean that it is subject to taxes. Yes you would tax any thing that is not exempt from taxes in your business operation.


Is insulation tax exempt?

NO. Insulation material is not exempt from income tax.


Is a LC small business tax exempt?

LC business be TAX EXEMPT NO NOT POSSIBLE FOR ANY TYPE OF LC BUSINESS TO BE TAX EXEMPT.


When were tax-exempt MMMFs created?

Tax-exempt MMMFs debuted in 1979


What are the IRS Tax exempt codes?

IRS tax exempt codes are codes that are given to businesses that are tax exempt. These businesses include non-profit organizations.


Are computers tax exempt under the Virginia tax holiday?

No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!


How do you exempt tax refunds?

Exempt them from tax? Federal refunds were paid with after tax $ and aren't taxable..but they are reported. State ones are, as you got a deduction for them when paid. There is no option to exempt them.


When are municipal bonds exempt from taxes?

Municipal Bonds are bonds that are tax exempt from many tax offices. Municipal Bonds are exempt from tax when they are accepted by the local tax office depending on the law of the state.


What is meant with tax exempt form in finances?

Sales tax exempt forms are for individuals or companies that are exempt from sales tax. This could be if you run a charitable, educational or other organizations.


How many digits in a tax exempt number?

The Tax Exempt number contains 11 Digits Altogether


Is US withholding a Tax-Exempt Income?

It is neither, tax exempt OR income. Qualifies as a foolish question

Trending Questions
Why are the discount columns in the cash book not balanced? Do limited partnerships get 1099? Do government tax agencies use accounting information to compute taxes? At December 31 the unadjusted trial balance of H and ampR Tacks reports Supplies of 9300 and Supplies Expense of 0. On December 31 supplies costing 7850 are on hand. and Acirc and nbsp 1. Prepare the? What is the Journal entry of salary paid to employee? Retained profit from previous year current asset or fixed asset? What is the average yearly income for CPA? When a bank receives a check for payment it uses an OCR inscriber to print the amount of the check in OCR characters in the lower-right corner? What is income that is not subject to taxes also called tax exempt income? What are the Factors that shape an accounting information system include? What are the limitations of traditional management accounting? Is Payment Logistics a legitimate company? What should be the consequences for the auditor if he is proved to be negligent in carrying out his responsibilities? How does one go about getting a business card made? What organizes a series of statements in logical order starting with the given statements? Where can I find work accounting software? What is the name of the revenue account used by merchandise companies? Difference between trading account manufacturing account? What is the Discounted Cash Flow solution for the compass records case study? An area where companies can locate free of certain local state and federal taxes and restrictions is .?