Have a Tax Question? Ask a Tax Expert
Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.Thank you for your question, and thanks for using JustAnswer.com. If you are going to form a tax exempt organization, you will form it under 501(c)(3) and if the status is granted, then your donations to the organization will be tax deductible.
501(c)(3) is usually only for Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.
Further, that 501(c)(10) might make sense, given the common purpose, as long as no life, health or other benefits are offered and that it WOULD be considered tax exempt if for certain Sec. 501(c)(3) purposes.
And that even a 501(c)(6) might make sense, and could still accomplish the purpose by establishing a charitable fund, contributions to which are deductible. Such a fund must itself meet the requirements of section 501(c)(3) and the related notice requirements of section 508(a)
To apply for this, file form 1023 with the IRS. More information can be found, HERE. Please let me know if you need anything additional. Thanks for using JustAnswer.com and have a great day.
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