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This document is used by organizations in Connecticut to apply for tax exemptions and to report relevant financial information as required under the Connecticut General Statutes.

How to fill out tax exempt organization application

How to fill out Tax Exempt Organization Application and Quadrennial Renewal Report

1. Obtain the Tax Exempt Organization Application form (usually Form 1023 or Form 1024 depending on the type of organization).
2. Carefully read the instructions provided with the form to understand the requirements.
3. Fill out the organization’s basic information, including its legal name, address, and other identifying details.
4. Provide a detailed description of the organization’s activities and purposes.
5. Include a copy of the organization’s articles of incorporation or other relevant documents.
6. Prepare and attach a detailed budget or financial information for the next three years.
7. Answer all questions on the form honestly and accurately, checking for completeness.
8. Review the application for any missing information or errors.
9. Submit the completed form along with the required fee to the appropriate tax authority.
10. For the Quadrennial Renewal Report, gather all necessary documentation regarding the organization's operations since the last renewal.
11. Fill out the renewal report form with updated information pertaining to the organization's activities and status.
12. Ensure that the report is submitted on time to maintain tax-exempt status.

Who needs Tax Exempt Organization Application and Quadrennial Renewal Report?

1. Non-profit organizations seeking to obtain or maintain tax-exempt status under the Internal Revenue Code.
2. Charitable organizations, religious organizations, educational institutions, and other entities that operate for exempt purposes.
3. Organizations that have previously received tax-exempt status and are required to file a quadrennial renewal.

For pdfFiller’s FAQs

What is Tax Exempt Organization Application and Quadrennial Renewal Report?

The Tax Exempt Organization Application is a form that nonprofit organizations file to obtain tax-exempt status from the IRS. The Quadrennial Renewal Report is a subsequent filing required every four years to maintain that tax-exempt status.

Who is required to file Tax Exempt Organization Application and Quadrennial Renewal Report?

Any organization seeking tax-exempt status under sections like 501(c)(3) of the Internal Revenue Code must file the Tax Exempt Organization Application. Additionally, organizations that have received tax-exempt status are required to file the Quadrennial Renewal Report every four years.

How to fill out Tax Exempt Organization Application and Quadrennial Renewal Report?

To fill out the Tax Exempt Organization Application, organizations need to provide detailed information about their structure, mission, activities, and financial information. The Quadrennial Renewal Report requires updating any changes in organizational structure or operations and confirming continued eligibility for tax-exempt status.

What is the purpose of Tax Exempt Organization Application and Quadrennial Renewal Report?

The purpose of the Tax Exempt Organization Application is to assess whether an organization meets the criteria for tax-exempt status, while the Quadrennial Renewal Report serves to ensure ongoing compliance with the requirements necessary to maintain that status.

What information must be reported on Tax Exempt Organization Application and Quadrennial Renewal Report?

Key information includes the organization's name, address, purpose, activities, governance structure, and financial data. For the Quadrennial Renewal Report, organizations must also report any changes in their mission, leadership, or activities since their last application.