Interactive Form 1023

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Page 1 of 5 The following is for use by assistive readers and users who prefer a text version of the Form 1023 prerequisite questions
Page 1 of 5 The following is for use by assistive readers and users who prefer a text version of the Form 1023 prerequisite questions
Page 1 of 5 this document is intended for assistive readers and users who prefer a text version of the form 1023 prerequisite questions. form 1023 prerequisite questions before you begin the application process, you should review the following...
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What is interactive form 1023?

An interactive Form 1023 is a digital version of the Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. This form is used by organizations seeking tax-exempt status from the IRS. It allows applicants to fill out the form electronically, making the process more convenient and efficient.

What are the types of interactive form 1023?

There are two main types of interactive Form 1023: the regular Form 1023 and the streamlined Form 1023-EZ. The regular Form 1023 is for organizations with total assets of $250,000 or more, or expected annual gross receipts of $10,000 or more. The streamlined Form 1023-EZ is for organizations with total assets of $250,000 or less, and expected annual gross receipts of $50,000 or less.

Regular Form 1023
Streamlined Form 1023-EZ

How to complete interactive form 1023

Completing the interactive Form 1023 is a straightforward process. Here are the steps to follow:

01
Gather all the necessary information and documents, such as the organization's name, address, mission statement, and financial records.
02
Open the interactive Form 1023 in a PDF editor, like pdfFiller.
03
Fill out all the required fields in the form, providing accurate and detailed information.
04
Review the completed form for any errors or missing information.
05
Save the form and submit it electronically to the IRS for processing.
06
Keep a copy of the submitted form 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.
While every organization does not have to complete every page, a typical application package is between 50-100 pages of material. More important, however, is the amount of time required to complete the package. The IRS estimates a preparation time of well over 100 hours for a novice to prepare Form 1023.
The user fee for Form 1023 is $600. The user fee for Form 1023-EZ is $275.
Note: As of January 31, 2020, Form 1023 applications for recognition of exemption must be submitted electronically online at www.pay.gov. As of January 5, 2021, Form 1024-A applications for recognition of exemption must also be submitted electronically online at www.pay.gov.
Granting expedited processing is at the discretion of the IRS. An organization may not request expedited handling of a Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code submitted under Revenue Procedure 2022-5, (updated annually).
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.
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