A Form 1023 will be used by the Internal Revenue Service in the United States for tax filing purposes. This form is known as an Application for Recognition of Exemption Under Section 501(3) of the Internal Revenue Code. This form is used by charities or other non-profit organizations who want to become a tax-exempt organization.
This form requires a substantial amount of information in order for the organization to be considered. This includes information about the organization, such as where it is located, what kind of organization it is, and who the representative is. One thing that should never be included on this form is personal social security numbers. These should not be included because the Form 1023 form is publicly disclosed.
Section 501(c)(3) of the Internal Revenue Code permits the following organizations to file Form 1023:
To qualify for tax-exempt status, an organization must also be:
A Form 1023 contains the following sections:
To complete a Form 1023, you will need to provide the following information:
Form 1023 requires an organization to provide the following information:
Applications cost $400 if the charity has earned less than $10,000 annually for the past four years. Applications cast $850 if the charity has earned over $10,000 annually.