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What is il-1023-c-v - illinois department?

IL-1023-C-V is a form used by the Illinois Department for nonprofits seeking exemption from state income and franchise taxes.

Who is required to file il-1023-c-v - illinois department?

Nonprofit organizations in Illinois that want to be exempt from state income and franchise taxes are required to file the IL-1023-C-V form with the Illinois Department.

How to fill out il-1023-c-v - illinois department?

To fill out the IL-1023-C-V form, you must provide detailed information about your nonprofit organization, including its purpose, activities, financial information, and governance structure. The form can be downloaded from the Illinois Department's website and should be completed accurately and thoroughly.

What is the purpose of il-1023-c-v - illinois department?

The purpose of the IL-1023-C-V form is to determine if a nonprofit organization in Illinois qualifies for exemption from state income and franchise taxes. By providing necessary information about the organization's activities and finances, the Illinois Department can evaluate its eligibility for tax exemption.

What information must be reported on il-1023-c-v - illinois department?

The IL-1023-C-V form requires nonprofit organizations to report detailed information about their purpose, activities, finances, and governance structure. This includes providing descriptions of the organization's mission, programs, sources of income, expenses, assets, and board members or officers.

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