Ads
related to: irs charitable organization exemption form template word doc
Search results
Results from the WOW.Com Content Network
Form 1023 is a United States IRS tax form, also known as the Application for Recognition of Exemption Under 501(c)(3) of the Internal Revenue Code. It is filed by nonprofits to get exemption status. It is filed by nonprofits to get exemption status.
An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows:
Organizations acquire 501(c)(3) tax exemption by filing IRS Form 1023. [13] As of 2006, the form must be accompanied by an $850 filing fee if the yearly gross receipts for the organization are expected to average $10,000 or more. [14] [15] If yearly gross receipts are expected to average less than $10,000, the filing fee is reduced to $400.
The organization's Form 990 (or similar such public record as the Form 990-EZ or Form 990-PF) must be available for public inspection and photocopying at the offices of the exempt organization, through a written request and payment for photocopies by mail from the exempt organization, or through a direct Form 4506-A "Request for Public ...
Organizations described by any of these sections must file Form 990 even if the organization has not applied for a determination letter from the Internal Revenue Service. [11] A tax-exempt organization with annual gross receipts of less than $200,000 and assets less than $500,000 has the option of filing a shorter alternative form, Form 990-EZ ...
Organizations can do far more with structural philanthropy than they can with ad hoc charity. Planning around future cash flow empowers organizations to invest, build and hire, and improve how ...
Ads
related to: irs charitable organization exemption form template word doc