IRS Form 1023 Tax Preparation Guide

IRS Form 1023 Tax Preparation Guide
ISBN-10
047173201X
ISBN-13
9780471732013
Category
Business & Economics
Pages
224
Language
English
Published
2005-05-20
Publisher
John Wiley & Sons
Author
Jody Blazek

Description

Line-by-line tips and instructions to successfully file Form1023 IRS Form 1023 Tax Preparation Guide provides comprehensiveinstructions for completing and filing the new and significantlyrevised Form 1023 (Application for Recognition of Exemption underSection 501(c)(3) of the Internal Revenue Code). Nonprofit organizations--including health and human serviceorganizations, schools, private foundations, churches, libraries,museums, cultural institutions, environmental protectionorganizations, and other charitable, smaller groups--contend dailywith issues related to their IRS filings, from qualifying andapplying for tax-exempt status to maintaining and managing it.Written for nonprofit executives and directors, accountants,nonprofit boards, lawyers, consultants, and volunteers, IRS Form1023 Tax Preparation Guide is brimming with helpful advice andfeatures, including: * Strategies for obtaining IRS recognition of tax-exempt status asa charitable organization including a Suitability Checklist toevaluate viability of making application * Insights into the rationale behind the information requested bythe IRS * Specific suggestions for answering each question on Form 1023 andnavigating the steps involved in the approval process * Practical advice on the alternatives available in contesting anadverse IRS determination * An overview of state filing requirements * A companion Web site that allows nonprofits to download key modelforms and connect to IRS forms * Easy-to-use worksheets to help manage such critical concerns aspublic charity status, tax-exempt eligibility, reporting to theIRS, and tax compliance

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