Quote:
Originally Posted by Papa_lecki
I just did some research - Significant Production just got their 501c3 designation in August 2023.
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Two points - their 501(c)(3) designation is retroactive to their date of application.
In three years there are additional IRS forms to file to support that the organization has indeed acted as a charitable organization.
Interesting that if the 501(c)(3) designation is revoked ALL donations - even past years - are considered not charitable - non deductible - and amended returns are required to be filed.