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Cfs 508 1  Form

Cfs 508 1 Form

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Video instructions and help with filling out and completing Cfs 508 1 Form

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Instructions and help about Cfs 508 1

[Music] hi in this video we are going to strive to clear up some confusion about is my private association ministry a 508 c one a this is a very common mistake i've done it i'll probably do it again because it's really easy if you're using the 508 c1a designation for your acquiring of an ein number as well as for your designation for banking purposes only and the removal of yourself from tax and other requirements of faith-based organizations we we're using this for those mandatory exceptions and exemptions but is your private association is it a 508 no it's not you're just using that designation for your purposes just like a 501 c 3 is a code for a organization another type of faith-based organization but they're incorporated and they have statutory language and they have a lot of requirements but that is their code it's not the what they are they're probably a church or they're a non-profit it&

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