Applying for 501(c)(3) Status

By qualifying for 501(c)(3) status with the Internal Revenue Service, in certain cases your club will be able to claim tax deductions on contributions such as membership dues, scholarship funds and some other forms of contributions. This will also allow your club to apply for a bulk-mailing permit, at which you can qualify for a reduced mailing rate. State to state regulations vary, and it's important to consult a lawyer before filing in order to make sure all the requirements are being met. If they are, 501(c)(3) status should also automatically exempt the club from state income taxes.

To learn more about the application process and to obtain forms, please visit the IRS web site: http://www.irs.gov/charities/charitable/index.html.

 

 

 

 

 

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