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Line of form 1023 Category 1 2 3 4 5 6 TYPE/AMT/DISC TYPE & AMOUNT NAME/DISC/AMOUNT TYPE & AMOUNT 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2006 Gifts, Grants, contributions Membership fees

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Who needs line of form 1023:

01

Nonprofit organizations seeking tax-exempt status under section 501(c)(3) of the Internal Revenue Code need to fill out form 1023. This form is required to apply for recognition of tax-exempt status from the IRS.

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Religious, charitable, educational, scientific, literary, testing for public safety, fostering national or international amateur sports, or cruelty prevention organizations may be eligible for tax-exempt status and therefore need to complete form 1023.

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Nonprofit organizations that wish to receive tax-deductible charitable contributions from donors also need to apply for tax-exempt status by filling out form 1023. This is important to establish the organization's credibility and provide donors with the necessary documentation to claim tax deductions.

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