Form 1023

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Form 1023

A form that an organization files with the IRS to apply for tax exempt status under Section 501(c)3 of the Internal Revenue Code. Form 1023 generally is not necessary if the organization is a place of worship or if it has gross receipts for the tax year under $5,000.

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Then in the afternoon, you can take advantage of a special IRS-led workshop on a very popular topic, "Nonprofit Accounting: Forms 1023 and 990."

Convention CPE

6104 disclosure rules, applications, including Forms 1023, Application for Recognition of Exemption Under Section 501(c) of the Internal Revenue Code, and 1024, Application for Recognition of Exemption Under Section 501(a) for Determination Under Section 120 of the Internal Revenue Code, and certain papers submitted in support of such applications, filed by organizations described in Sec.

Procedures for obtaining return copies and information

IRS Forms 1023, the application for tax-exempt status, is informative, as is the IRS Letter of Determination, which notifies the group of its status.

Holding the gift horse accountable

* Its application for recognition of tax exemption (forms 1023 or 1024) including all supporting documents filed by, or on behalf of, the organization in connection with that application, as well as any correspondence with the IRS.

Toward increased accountability

The application forms for tax-exemption status must also be made available, they are Forms 1023 or 1024.

IRS seeks comments on tax-exempt groups and disclosure

Annual returns (Forms 990 and 990EZ) of tax-exempt organizations, as well as approved exemption applications (Forms 1023 and 1024), are available for public inspection upon request from the IRS.