PLEASE SIGN HERE Signature For Paperwork Reduction Act Notice see instructions. Type or print name and title or authority of signer Catalog No. 12343K Date Form 1024 Rev. 1-2018 Page 2 Part II. If No answer question 2. 2 If you answer No to question 1 are you filing Form 1024 within 27 months from the end of the month in which the If Yes your organization qualifies under Regulations section 301. Page 6 Part IV. Notice Requirements Sections 501 c 9 and 501 c 17 Organizations Only 1 Section 501...c 9 and 501 c 17 organizations Are you filing Form 1024 within 15 months from the end of the month in which the organization was created or formed as required by section 505 c If Yes skip the rest of this part. Reasonable action and good faith and the no prejudice to the interest of the government requirements of Regulations section 301. 9100-3 If Yes give the reasons for not filing this application within the 27-month period described in question 2. See Specific Instructions Part IV Line 3...before completing this item. Do not answer question 4. recognized only from the date this application is filed. Therefore does the organization want us to consider its application as a request for recognition of exemption as a section 501 c 9 or 501 c 17 organization from the date the application is received and not retroactively to the date the organization was created or formed. 9100-3 If Yes give the reasons for not filing this application within the 27-month period described in question 2....See Specific Instructions Part IV Line 3 before completing this item. Do not answer question 4. recognized only from the date this application is filed. Therefore does the organization want us to consider its application as a request for recognition of exemption as a section 501 c 9 or 501 c 17 organization from the date the application is received and not retroactively to the date the organization was created or formed. Page 7 Schedule A 1 State the complete name address and EIN of each...organization for which title to property is held and the number and type of the applicant 2 If the annual excess of revenue over expenses has not been or will not be turned over to the organization for which title to property is held state the purpose for which the excess is or will be retained by the title holding organization. 3 In the case of a corporation described in section 501 c 2 state the purpose of the organization for which title to property is held as shown in its governing...instrument and the Code sections under which it is classified as exempt from tax. Application for Recognition of Exemption Under Section 501 a Form Rev. January 2018 Department of the Treasury Internal Revenue Service OMB No. 1545-0057 If exempt status is approved this application will be open for public inspection. Go to www.irs.gov/Form1024 for instructions and the latest information. Read the instructions for each Part carefully. If you have a foreign address see Specific Instructions for...Part I. 1e Web site address 4 Month the annual accounting period ends 5 Date incorporated or formed 6 Did the organization previously apply for recognition of exemption under this Code section or under any other section of the Code If Yes attach an explanation. Yes No 7 Has the organization filed Federal income tax returns or exempt organization information returns. If Yes state the form numbers years filed and Internal Revenue office where filed.. 8 Check the box for the type of organization....ATTACH A CONFORMED COPY OF THE CORRESPONDING ORGANIZING DOCUMENTS TO THE APPLICATION BEFORE MAILING. Corporation Attach a copy of the Articles of Incorporation including amendments and restatements showing approval by the appropriate state official also attach a copy of the bylaws. Trust Association Attach a copy of the Trust Indenture or Agreement including all appropriate signatures and dates. Submit only the schedule that applies to your organization. Do not submit blank schedules. Check the...appropriate box below to indicate the section under which the organization is applying Section 501 c 2 Title holding corporations Schedule A a Reserved for future use b c Section 501 c 5 Labor agricultural or horticultural organizations Schedule C d e f Section 501 c 6 Business leagues chambers of commerce etc. Schedule C Section 501 c 7 Social clubs Schedule D g h i Section 501 c 8 Fraternal beneficiary societies etc. providing life sick accident or other benefits to members Schedule E Section...501 c 9 Voluntary employees beneficiary associations Parts I through IV and Schedule F Section 501 c 10 Domestic fraternal societies orders etc. not providing life sick accident or other benefits Schedule E Section 501 c 12 Benevolent life insurance associations mutual ditch or irrigation companies mutual or cooperative telephone companies or like organizations Schedule G j k l m Section 501 c 15 Mutual insurance companies or associations other than life or marine Schedule I Section 501 c 17...Trusts providing for the payment of supplemental unemployment compensation benefits Parts I through IV and Schedule J Section 501 c 19 A post organization auxiliary unit etc. of past or present members of the Armed Forces of the United States Schedule K n 1a Full name of organization as shown in organizing document 2 Employer identification number EIN if none see Specific Instructions 1b c/o Name if applicable 3 Name and telephone number of person to be contacted if additional information is...needed 1c Address number and street Room/Suite 1d City town or post office state and ZIP 4. If you have a foreign address see Specific Instructions for Part I. 1e Web site address 4 Month the annual accounting period ends 5 Date incorporated or formed 6 Did the organization previously apply for recognition of exemption under this Code section or under any other section of the Code If Yes attach an explanation. Yes No 7 Has the organization filed Federal income tax returns or exempt organization...information returns. If Yes state the form numbers years filed and Internal Revenue office where filed.. 8 Check the box for the type of organization. ATTACH A CONFORMED COPY OF THE CORRESPONDING ORGANIZING DOCUMENTS TO THE APPLICATION BEFORE MAILING. Corporation Attach a copy of the Articles of Incorporation including amendments and restatements showing approval by the appropriate state official also attach a copy of the bylaws.
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Instructions and Help about IRS 1024
How to edit IRS 1024
How to fill out IRS 1024
Instructions and Help about IRS 1024
How to edit IRS 1024
To edit IRS 1024, use a reliable online form editor like pdfFiller, which enables users to modify the document quickly. Start by uploading your IRS 1024 form to the platform. Use the editing tools to fill in any required fields, amend existing information, or correct errors. Once your changes are complete, save the form for submission.
How to fill out IRS 1024
Filling out IRS 1024 requires careful attention to detail. Begin by downloading the form from the IRS website. Read the instructions provided with the form to understand each section's requirements. Enter the necessary information accurately, ensuring that names, addresses, and tax identification numbers are correct. Use pdfFiller to easily navigate and complete this IRS application form.
Latest updates to IRS 1024
Latest updates to IRS 1024
The IRS periodically updates Form 1024 to reflect changes in tax law or filing procedures. Always refer to the official IRS website or reliable resources like pdfFiller for the most current version of the form and accompanying instructions. These updates may include changes to eligibility criteria or submission methods.
All You Need to Know About IRS 1024
What is IRS 1024?
What is the purpose of this form?
Who needs the form?
When am I exempt from filling out this form?
Components of the form
What are the penalties for not issuing the form?
What information do you need when you file the form?
Is the form accompanied by other forms?
Where do I send the form?
All You Need to Know About IRS 1024
What is IRS 1024?
IRS 1024 is the application form for organizations seeking recognition of exemption from federal income tax under Section 501(a) of the Internal Revenue Code. This form is primarily used by non-profit organizations to apply for tax-exempt status. Completing IRS 1024 correctly is essential to ensure compliance and avoid potential penalties.
What is the purpose of this form?
The purpose of IRS 1024 is to provide the IRS with the necessary information to determine an organization's eligibility for tax-exempt status. The form requests details about the organization’s structure, activities, and finances. Successful acceptance of this application grants the organization exemption from federal income tax obligations.
Who needs the form?
Organizations that operate as non-profits and aim to obtain tax-exempt status under Section 501(c)(3) or similar provisions must file IRS 1024. This includes charities, educational institutions, and religious organizations. Filing this form is essential for these entities to avoid taxation on their income and to qualify for public and private grants.
When am I exempt from filling out this form?
Some organizations may be exempt from filling out IRS 1024. For instance, certain religious organizations automatically qualify for tax exemption and may not need to submit this application. Additionally, organizations that anticipate gross receipts below specific thresholds may have different requirements. Always verify with IRS guidelines or a tax professional for your specific situation.
Components of the form
IRS 1024 consists of several key components, including identification information, organizational structure details, and a narrative describing the organization's purpose. The form also requires financial information, such as anticipated income and expenditures. Each section must be completed accurately to avoid delays in processing and potential denial of the exemption request.
What are the penalties for not issuing the form?
Failure to file IRS 1024, when required, can result in significant penalties, including the loss of tax-exempt status and possible back taxes owed. Organizations risk additional scrutiny from the IRS, which may lead to audits and additional penalties. It is crucial to understand the filing requirements and ensure timely submission of the form.
What information do you need when you file the form?
When filing IRS 1024, you will need the organization's legal name, address, and Employer Identification Number (EIN). Additionally, detailed descriptions of the organization's purpose, activities, and financial information, including a budget or financial statements, are required. Gathering comprehensible information beforehand facilitates a smoother filing process.
Is the form accompanied by other forms?
IRS 1024 may require accompanying schedules and documents, depending on the specifics of the organization. For example, additional forms may be needed to provide detailed financial data or to summarize the organization’s activities. Always refer to the IRS website for detailed instructions and ensure all necessary documentation is included with your application.
Where do I send the form?
Once completed, IRS 1024 should be sent to the address specified in the instructions accompanying the form. The submission method may vary, with options for mail or electronic submission available in certain instances. Confirm the appropriate mailing address based on your organization’s location and the method of submission you choose.
FAQ about IRS 1024
What should I do if I realize I made a mistake on my filed IRS 1024?
If you discover an error after submitting your IRS 1024, you can file an amended version of the form. Use IRS Form 1024-A to correct the original submission and provide a detailed explanation of the changes. This helps ensure that your corrections are clear and properly documented.
How can I check the status of my IRS 1024 submission?
To verify the receipt and processing of your IRS 1024, you can contact the IRS directly or utilize their online tracking tools, if available. Keep in mind that e-file rejections often come with specific codes that indicate the problem; understanding these can expedite the resolution process.
What are some common errors I should avoid when submitting the IRS 1024?
Common errors in filing the IRS 1024 include inaccuracies in identifying information like the taxpayer identification number or outdated organizational details. Ensuring that all information matches IRS records can help avoid unnecessary processing delays and potential rejections.
Can I use e-signatures when submitting the IRS 1024?
Yes, e-signatures are generally accepted for IRS 1024 submissions, provided they meet certain IRS standards for authenticity. It's essential to ensure that the e-signature complies with the IRS guidelines to prevent complications during the filing process.
What should I do if I receive a notice regarding my IRS 1024 submission?
If you receive a notice from the IRS concerning your IRS 1024, carefully review the contents for specific instructions. Prepare any required documentation and respond promptly to avoid further complications, ensuring you keep copies of both the notice and your response for your records.
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Use this catalog to find any type of IRS forms. We've gathered all of them under this section uncategorized to help you to find a proper form faster. Once you spot it on this list, have a look at the versions and schedules you might need as attachments. All returns are available for 2016 and for previous fiscal years.
