This document contains official instructions for IRS Form 1023 , Application for Recognition of Exemption Under Section 501(C)(3) of the Internal Revenue Code - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1023 is available for download through this link.
Q: What is IRS Form 1023?
A: IRS Form 1023 is an application for recognition of exemption under section 501(c)(3) of the Internal Revenue Code.
Q: Who can use IRS Form 1023?
A: Nonprofit organizations seeking tax-exempt status under section 501(c)(3) of the Internal Revenue Code can use IRS Form 1023.
Q: What is the purpose of IRS Form 1023?
A: The purpose of IRS Form 1023 is to apply for recognition of exemption from federal income tax for a nonprofit organization.
Q: What information is required on IRS Form 1023?
A: IRS Form 1023 requires information about the organization's name, purpose, activities, finances, and governance.
Q: Are there any fees associated with filing IRS Form 1023?
A: Yes, there is a fee associated with filing IRS Form 1023. The fee amount depends on the organization's gross receipts.
Q: How long does it take to process IRS Form 1023?
A: The processing time for IRS Form 1023 can vary, but it typically takes several months.
Q: Can I file IRS Form 1023 electronically?
A: No, IRS Form 1023 cannot be filed electronically. It must be mailed to the appropriate IRS address.
Q: What happens after I submit IRS Form 1023?
A: After you submit IRS Form 1023, the IRS will review your application and notify you of their decision.
Q: What if my IRS Form 1023 application is denied?
A: If your IRS Form 1023 application is denied, you have the right to appeal the decision.
Instruction Details:
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