Tax-Exempt Entities and the Corporate Transparency Act

Tax-exempt entities are exempt from reporting under the Corporate Transparency Act, but there are some requirements to be exempt.

Which entities? An entity defined under IRC § 501(c) (determined without regard to IRC § 508(a)) and exempt from tax under IRC § 501(a).
They remain an exempt entity for 180 days after losing exempt status, giving it 210 days to report.
Churches should be automatically exempt even though they don’t file Form 1023.
A political organization defined in IRC § 527(e)(1) and exempt from tax under IRC § 527(a).
Charitable Trusts under IRC § 4947(a)(1).
Split-Interest Charitable Trusts under IRC § 4947(a)(2).


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Strohmeyer Law is a law firm based in Houston, Texas, specializing in tax law, estate planning, and probate law.

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