Do I need an Employer Identification Number (EIN) to apply for exemption on Form 1023?

Yes, you must have an EIN to apply for exemption on Form 1023. You can obtain an EIN online, by fax, by mail, or by phone for international applicants.

Can I use a mailing address instead of a street address on Form 1023?

Yes, you can use a mailing address in Part I, Line 1c, instead of a street address. This can help protect your privacy and that of your employees and clients.

Can someone other than an attorney or officer represent my organization when applying for exemption?

Yes, someone other than an attorney of record, officer, director, or employee can represent your organization. However, the IRS cannot discuss the application with anyone unless the organization submits Form 2848, Power of Attorney and Declaration of Representative, or Form 8821, Tax Information Authorization.

What additional information do I need to provide with my Form 1023?

You will need to provide detailed information about your organization's legal structure, governing board, potential conflicts of interest, and activities. Additionally, include a three-year projected budget (for new organizations) or up to five years of financial history (for existing organizations), along with a written narrative essay outlining your programs and how they advance your exempt purpose.

Fill Form 1023 2024-2025 - Application for Exemption

What is Form 1023?

Form 1023 is a crucial document for organizations seeking tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. By completing this form, an organization can apply to be exempt from federal income taxes, provided it operates primarily for charitable, educational, or religious purposes. The form requires detailed information about the organization's activities, finances, and future plans, helping the IRS assess whether it qualifies for tax exemption. This application process is essential for any nonprofit aiming to maintain financial sustainability while serving its mission.

What is Form 1023 used for?

Form 1023 is essential for nonprofits seeking tax-exempt status. Here’s what it’s used for:

Tax Exemption Application: Nonprofits apply for recognition under Section 501(c)(3).
Charitable, Educational, and Religious Purposes: Organizations must show they serve these purposes.
Asset Distribution: Ensures assets are used for exempt purposes upon dissolution.
IRS Determination Letter: Obtains a letter from the IRS confirming tax-exempt status.

How to fill out Form 1023?

1
Access the form in the PDF editor.
2
Fill in detailed information about your organization's activities.
3
Double-check financial data for consistency with other sections.
4
Download the completed form for future submission through Pay.gov.

Who is required to fill out Form 1023?

Organizations like corporations, limited liability companies (LLCs), unincorporated associations, and trusts must complete Form 1023 to seek tax-exempt status under Section 501(c)(3).

Once Form 1023 is completed, these organizations can apply for federal income tax exemption, allowing them to operate without paying taxes on specific income types.

When is Form 1023 not required?

Form 1023 is not required for organizations that have less than $250,000 in assets and less than $50,000 in annual gross receipts. These organizations can file the streamlined Form 1023-EZ instead. If an organization doesn't meet the criteria for the streamlined application, it must file Form 1023.

When is Form 1023 due?

The deadline for Form 1023 is 27 months after the end of the month in which your organization was legally formed. If you miss this deadline, you may still receive tax-exempt status from the application date, but you'll need to request an extension from the Commissioner for good cause.

How to get a blank Form 1023?

To get a blank Form 1023, simply visit our website. The Internal Revenue Service issues this form, and we have a blank version ready for you to fill out in our editor. Remember, our platform helps you fill and download forms, but not file them.

How to sign Form 1023?

To sign Form 1023, you need a digital signature from an authorized official, like an officer or director, at the end of Part X, along with their title and date. While PDF Guru allows you to fill out and download the form, it’s important to check the latest IRS updates on signature requirements. Remember, you can create a simple electronic signature with PDF Guru, but you’ll need a digital signature for submission.