Form 1023 Instructions

What is form 1023 instructions?

Form 1023 instructions provide detailed guidance on how to complete the application for tax-exempt status under section 501(c)(3) of the Internal Revenue Code. These instructions help organizations understand the information required, the supporting documents needed, and the proper procedures to follow when submitting the form.

What are the types of form 1023 instructions?

Form 1023 instructions are primarily divided into two types: general instructions and specific line-by-line instructions. The general instructions provide an overview of the form and explain the eligibility criteria for tax-exempt status. The line-by-line instructions guide organizations through each section of the form, explaining what information to provide and how to complete it.

General instructions
Specific line-by-line instructions

How to complete form 1023 instructions

Completing form 1023 instructions can be a complex process, but with the right guidance, it becomes manageable. Here are some steps to help you complete the form successfully:

01
Gather all the necessary documents and information, such as organizational documents, financial statements, and supporting documents for your activities.
02
Carefully read and understand the form 1023 instructions, both the general and line-by-line instructions.
03
Fill out the form electronically or in print, ensuring you provide accurate and complete information.
04
Double-check all the entries and attachments for any errors or omissions before submitting the form.
05
Submit the completed form and supporting documents to the appropriate IRS office according to the instructions.
06
Keep copies of all the submitted documents for your records.

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Questions & answers

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.
What Do I Need to Prepare? IRS Form 1023 contains a very specific checklist of items to include in your submission to the IRS. Before you file, you will need to have incorporated, drafted bylaws, made financial projections, and obtained a federal EIN.
How long does it take to prepare Form 1023? Depending on how many additional schedules apply to the organization, you should plan to spend between 20-50 hours preparing the form and compiling all the necessary documents that need to be attached to the application.
How Long Will It Take? On average, the IRS is currently processing Form 1023-EZ in 2-4 weeks. If your 501(c)(3) application is approved, you will receive a Determination Letter in the mail as confirmation.
0:28 2:38 Learn How to Fill the Form 1023 Application for - YouTube YouTube Start of suggested clip End of suggested clip Fill. Out part 1 providing the identification. Information for the applying group in lines 1 throughMoreFill. Out part 1 providing the identification. Information for the applying group in lines 1 through 12 provide the organizational structure of your group in part 2.