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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. On January 31, 2020, the IRS abandoned the paper format of the form 1023.
IRS guidelines determine which organizations qualify as tax-exempt under Section 501(c)(3). To be tax-exempt, an organization must: Be organized and operated exclusively for exempt purposes, as ...
Tax exemption and nonprofit status, while similar, require two separate processes to earn those benefits. The state grants nonprofit status, while the IRS — a federal organization — grants tax ...
This limiting of the powers is crucial to obtaining tax exempt status with the IRS and then on the state level. [12] 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.
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 ...
You can apply for CNC status by contacting the IRS directly at the number on your tax notice or bill. The IRS may also require you to submit a Collection Information Statement (Form 433-A, Form ...
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