Title: IRS Form 1023 Tax Preparation Guide
First published: April 21, 2005
Description: Line-by-line tips and instructions to successfully file Form 1023    IRS Form 1023 Tax Preparation Guide provides comprehensive instructions for completing and filing the new and significantly revised Form 1023 (Application for Recognition of Exemption under Section 501(c)(3) of the Internal Revenue Code).    Nonprofit organizations--including health and human service organizations, schools, private foundations, churches, libraries, museums, cultural institutions, environmental protection organizations, and other charitable, smaller groups--contend daily with issues related to their IRS filings, from qualifying and applying for tax-exempt status to maintaining and managing it. Written for nonprofit executives and directors, accountants, nonprofit boards, lawyers, consultants, and volunteers, IRS Form 1023 Tax Preparation Guide is brimming with helpful advice and features, including:   Strategies for obtaining IRS recognition of tax-exempt status as a charitable organization including a Suitability Checklist to evaluate viability of making application   Insights into the rationale behind the information requested by the IRS   Specific suggestions for answering each question on Form 1023 and navigating the steps involved in the approval process   Practical advice on the alternatives available in contesting an adverse IRS determination   An overview of state filing requirements   A companion Web site that allows nonprofits to download key model forms and connect to IRS forms   Easy-to-use worksheets to help manage such critical concerns as public charity status, tax-exempt eligibility, reporting to the IRS, and tax compliance
Subjects: Business, Nonfiction, Nonprofit organizations, law and legislation, Nonprofit organizations, taxation, Tax returns, Taxation, united states, Taxation, exemption from, Nonprofit organizations, Taxation, Law and legislation, Tax exemption