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FOR BHF USELL1 2021STATE OF ILLINOIS DEPARTMENT OF HEALTHCARE AND FAMILY SERVICES FINANCIAL AND STATISTICAL REPORT (COST REPORT) FOR LONGER CARE FACILITIES (FISCAL YEAR 2021) I.DPH License ID Number: Facility

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How to fill out 501 c 3

01

Obtain Form 1023 from the IRS website.

02

Fill out the form with information about your organization's purpose, activities, and finances.

03

Include required documents such as articles of incorporation, bylaws, and financial statements.

04

Pay the filing fee and submit the completed form to the IRS.

05

Wait for the IRS to review your application and approve your 501(c)(3) status.

Who needs 501 c 3?

01

Nonprofit organizations that want to receive tax-exempt status and be eligible for tax-deductible donations typically need a 501(c)(3) status.

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What is 501 c 3?

501 c 3 refers to a specific type of tax-exempt nonprofit organization in the United States.

Who is required to file 501 c 3?

Organizations seeking tax-exempt status under section 501 c 3 of the Internal Revenue Code are required to file for 501 c 3.

How to fill out 501 c 3?

To fill out 501 c 3, organizations need to complete Form 1023 or Form 1023-EZ and submit it to the IRS.

What is the purpose of 501 c 3?

The purpose of 501 c 3 is to provide tax-exempt status to nonprofit organizations that are organized and operated for specific charitable, religious, educational, scientific, or literary purposes.

What information must be reported on 501 c 3?

501 c 3 requires organizations to report detailed information about their activities, finances, governance structure, and mission.

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