IRS 13973 Explained
What is IRS 13973?
IRS Form 13973, also known as "Application for Expedited Processing of Form 1023," is designed to assist organizations seeking tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. This form is primarily utilized by nonprofit organizations that want to expedite their application process for tax exemption. It provides a streamlined path for qualifying entities to get their status faster, improving the efficiency of the IRS in handling such requests.
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Purpose of IRS 13973
The main purpose of IRS Form 13973 is to expedite the review process for organizations applying for tax-exempt status. Nonprofits often require this designation to enable tax-deductible contributions from donors and to access various funding opportunities. By submitting this form, organizations can speed up their applications, which is particularly valuable for those facing time-sensitive funding needs or other operational timelines.
Where is IRS 13973 used and by whom?
IRS Form 13973 is primarily used by nonprofit entities seeking to gain 501(c)(3) status. The following groups typically use this form:
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1.New nonprofit organizations looking to establish themselves and begin fundraising.
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2.Existing nonprofits that are restructuring or expanding their operations and need to retain or obtain tax-exempt status.
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3.Entities that have applied for tax-exempt status but wish to expedite the process due to impending deadlines.
Typical scenarios include organizations launching community services, educational initiatives, or charitable drives that require immediate tax-exempt status for contributions to be tax-deductible for donors.
Step-by-step: how to fill out IRS 13973
Filling out IRS Form 13973 involves several steps, and using a platform like pdfFiller can make the process more efficient and user-friendly. Here’s a step-by-step guide:
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1.Access the form through the IRS website or a document management platform like pdfFiller.
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2.Provide your organization’s basic information, including name, address, and employer identification number (EIN).
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3.Define the nature of your organization and select the reasons for requesting expedited processing.
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4.Include a detailed description of the organization’s activities, its mission, and how it meets the requirements of 501(c)(3).
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5.List any previous IRS communications about your organization’s tax status.
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6.Review the completed form for accuracy, ensuring all sections are filled out correctly.
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7.Submit the form using the preferred submission method discussed below.
Utilizing pdfFiller can simplify this process with its editing and e-signature features, making it easier to manage the documentation.
Who is required to complete IRS 13973?
IRS Form 13973 is required for nonprofit organizations that seek expedited processing for their application for tax-exempt status. This may include:
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1.New nonprofits that have never filed for 501(c)(3) status.
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2.Organizations previously denied tax-exempt status that are reapplying.
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3.Entities experiencing significant funding challenges that necessitate immediate status.
In essence, any nonprofit that feels that their application requires timely consideration should consider completing this form.
Information you need to complete IRS 13973
To successfully complete IRS Form 13973, gather the following information:
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1.Your organization’s legal name and EIN.
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2.The address of the organization.
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3.A description of your organization’s activities and goals.
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4.Details regarding the financial support your activities require.
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5.Information on any prior IRS correspondence relating to tax-exempt status.
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6.Any additional documentation supporting the need for expedited processing.
Having this information collected in advance will streamline the process and ensure you don’t miss any critical details.
How to submit IRS 13973
Once IRS Form 13973 is completed, you have a few options for submission:
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1.Online Submission: Depending on IRS guidelines, you may be able to submit the form electronically via the IRS website.
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2.Mail Submission: If submitting by mail, send the completed form to the address provided in the IRS instructions.
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3.Through Authorized Agents: If using a tax professional, they can submit the form on your behalf.
It's essential to check specific deadlines and requirements as they may vary depending on your organization’s circumstances.
When to update or refile IRS 13973
There are several situations where you may need to update or refile IRS Form 13973:
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1.Changes to the organization’s name or address.
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2.Updates in the organization's mission or operational structure.
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3.Revisions to the timeline for submitting the original application due to unforeseen circumstances.
Keeping your information current is vital to ensure that there are no delays in processing your application.
What happens if you don’t file IRS 13973?
Failing to file IRS Form 13973, or submitting it incorrectly, can result in several consequences:
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1.Delays in receiving tax-exempt status, which can impact fundraising efforts.
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2.Loss of donations that may not be tax-deductible for contributors.
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3.Potential penalties or issues with compliance if the organization operates without proper status.
Given these risks, it's crucial to ensure accurate and timely filing when applying for tax-exempt status.
Fill out IRS 13973 online
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Frequently Asked Questions About the IRS 13973
What is the IRS 13973 form used for?
The IRS 13973 form is specifically used for requesting a paper copy of your IRS tax return documents. IRS 13973 allows individuals to obtain copies for a variety of purposes, such as verification for loans or other financial applications. Completing this form ensures you receive the necessary documentation from the IRS in a timely manner.
Who should use the IRS 13973 form?
Anyone who needs an official copy of their tax return documents from the IRS should use the IRS 13973 form. This includes individuals who may have lost their tax returns or were unable to obtain them electronically. By using IRS 13973, you can ensure that your requests are processed efficiently by the IRS, providing you with the required copies.
How can I obtain a copy of the IRS 13973 form?
You can easily obtain the IRS 13973 form directly from the IRS website or platforms that distribute tax forms. The form is often available in PDF format, making it convenient to download and print. Once you have the form, you can fill it out and send it to the relevant IRS address for processing.
What information is required to complete the IRS 13973 form?
To complete the IRS 13973 form, you need to provide your personal information, including your name, address, and Social Security number. Additionally, it is important to specify the tax year for which you need the documents. Providing accurate information on the IRS 13973 form minimizes processing delays and ensures you receive your copies quickly.
Is there a fee associated with the IRS 13973 form?
There is typically no fee for requesting copies of your tax return documents using the IRS 13973 form. However, if you request multiple years of returns, the IRS may charge for processing the request beyond certain limits. It's advisable to check the official IRS website for any updates regarding fees related to the IRS 13973 form.
How long does it take to receive documents after submitting the IRS 13973 form?
The processing time for obtaining documents via the IRS 13973 form can vary, but it generally takes around 6 to 8 weeks. Factors influencing this timeframe include the IRS's current workload and the accuracy of the information provided on the form. To avoid delays, ensure that your IRS 13973 form is correctly filled out and submitted to the right address.
Can I submit the IRS 13973 form electronically?
Unfortunately, the IRS 13973 form must be submitted via traditional mail as electronic submission is not currently available. While electronic filing is a common practice for most tax forms, IRS 13973 specifically relies on paper submissions. Be sure to keep a copy of the completed form and any other relevant documents for your records before mailing.
What if I make a mistake on the IRS 13973 form?
If you make a mistake on the IRS 13973 form, it's crucial to correct it before submission to avoid processing delays. You can either correct the error directly on the form, cross it out, and write the correct information above it or start with a new blank form. Always double-check your information and, if necessary, explain any errors in a cover letter when you submit the IRS 13973.
Where do I send the completed IRS 13973 form?
The completed IRS 13973 form should be sent to the address specified in the instructions included with the form. Typically, this will be an IRS processing center that handles requests for copies of tax returns. Ensure that you follow the guidelines provided with the IRS 13973 form for the most accurate and timely submission.
What should I do if I haven’t received my documents after using the IRS 13973 form?
If you have not received your documents after submitting the IRS 13973 form, it’s advisable to first check the status of your request. You can contact the IRS directly for assistance or check their website for updates on the status of requests. Having your details ready will help the IRS representative track your request efficiently.
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