Form 1023 Filing Fee

What is form 1023 filing fee?

The form 1023 filing fee refers to the fee that organizations need to pay when submitting Form 1023, also known as the Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. This form is required for organizations seeking tax-exempt status from the IRS.

What are the types of form 1023 filing fee?

There are two types of form 1023 filing fees based on the organization's projected gross receipts over a four-year period. The first type is for organizations with projected gross receipts of $10,000 or less, which requires a filing fee of $275. The second type is for organizations with projected gross receipts of more than $10,000, which requires a filing fee of $600.

Type Projected gross receipts of $10,000 or less - Filing fee: $275
Type Projected gross receipts of more than $10,000 - Filing fee: $600

How to complete form 1023 filing fee

Completing form 1023 filing fee requires careful attention to detail. Here are the steps you need to follow: 1. Gather all necessary information and documentation, including the organization's financial statements and bylaws. 2. Fill out the form accurately, providing all required information about the organization, its activities, and its finances. 3. Calculate the correct filing fee based on the projected gross receipts. 4. Double-check all the information provided and make sure it is accurate and up-to-date. 5. Pay the filing fee using the preferred payment method specified by the IRS. 6. Submit the completed form and fee to the appropriate IRS address, as instructed in the form's guidelines.

01
Gather all necessary information and documentation
02
Fill out the form accurately
03
Calculate the correct filing fee based on the projected gross receipts
04
Double-check all the information provided
05
Pay the filing fee
06
Submit the completed form and fee to the appropriate IRS address

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Questions & answers

If your nonprofit starts to grow and no longer passes the gross receipts test, it must file Form 1023 within 90 days of the end of the year in which it exceeded the threshold. If you do so, your nonprofit will be recognized by the IRS as a Section 501(c)(3) tax exempt organization from the date of its creation.
More In Forms and Instructions Organizations must electronically file this form to apply for recognition of exemption from federal income tax under section 501(c)(3). Note. You may be eligible to file Form 1023-EZ, a streamlined version of the application for recognition of tax exemption.
If you file Form 1023, the average IRS processing time is 3-6 months. Processing times of 9 or 12 months are not unheard of. The IRS closely scrutinizes these applications, as the applicants are typically large or complex organizations.
More In Forms and Instructions Organizations must electronically file this form to apply for recognition of exemption from federal income tax under section 501(c)(3). Note. You may be eligible to file Form 1023-EZ, a streamlined version of the application for recognition of tax exemption.
The user fee for Form 1023 is $600. The user fee for Form 1023-EZ is $275. The user fees must be paid through Pay.gov when the application is filed.
The required user fee for Form 1024 will remain $600 for 2022. Applicants must pay the fee through Pay.gov when submitting the form. Payment can be made directly from a bank account or by credit or debit card.