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Form1024Application for Recognition of Exemption Under Section 501(a)(Rev. September 1998)OMB No. 15450057 If exempt status is approved, this application will be open for public inspection.Department
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What is tax exemption form 1024?
Tax exemption form 1024 is an application used by certain organizations to apply for recognition of exemption from federal income tax under Section 501(a) of the Internal Revenue Code.
Who is required to file tax exemption form 1024?
Organizations that seek tax-exempt status under Section 501(c)(4), 501(c)(5), or 501(c)(6) are required to file tax exemption form 1024.
How to fill out tax exemption form 1024?
To fill out tax exemption form 1024, organizations must provide detailed information about their structure, operations, and financial activities, including the purpose, income sources, and expenditures.
What is the purpose of tax exemption form 1024?
The purpose of tax exemption form 1024 is to request the IRS to grant an organization tax-exempt status, which allows it to operate without paying federal income tax.
What information must be reported on tax exemption form 1024?
Information that must be reported includes the organization's name, address, organizational structure, tax identification number, purpose, activities, and financial data.
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