What is IRS Form 1023 and how do I fill it out?
IRS Form 1023 is the application for recognition of exemption under Section 501(c)(3) of the Internal Revenue Code. It’s used by organizations to apply for tax-exempt status.
What documents do I need to submit with Form 1023?
You'll need to submit your organization's articles of incorporation, bylaws, a detailed description of your activities, and a financial statement.
How long does it take to get approved after submitting Form 1023?
The approval process can take anywhere from 3 to 6 months, depending on the complexity of your application and the IRS's workload.
Are there any common mistakes to avoid when filling out Form 1023?
Yes, common mistakes include incomplete information, failing to provide required documents, and not clearly explaining your organization's purpose.
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