Instructions For Form 1024 Application For Recognition Of Exemption {1024} | Pdf Fpdf Doc Docx | Official Federal Forms

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Instructions For Form 1024 Application For Recognition Of Exemption {1024} | Pdf Fpdf Doc Docx | Official Federal Forms

Instructions For Form 1024 Application For Recognition Of Exemption {1024}

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Instructions for Form 1024 (Rev. September 2016) Section references are to the Internal Revenue Code unless otherwise noted. Department of the Treasury Internal Revenue Service Application for Recognition of Exemption Under Section 501(a). For use with Form 1024. 1024, requesting IRS recognition of exemption under section 501(c)(4). Note. Generally, Form 1024 ISN'T used to apply for a group exemption letter. For information on how to apply for a group exemption letter, see Pub. 557. Note. Tax benefits for certain homeowners associations under section 528 are available to organizations that aren't exempt from federal income tax. To elect these benefits, file a properly completed and timely filed (including extensions) Form 1120-H, U.S. Income Tax Return for Homeowners Associations. DON'T file Form 1024. Note. Keep a copy of the completed Form 1024 in the organization's permanent records. General Instructions User fee. Submit with the Form 1024 application for a determination letter, a Form 8718, User Fee for Exempt Organization Determination Letter Request, and the user fee called for in the Form 8718. You may obtain Form 8718, and additional forms and publications, on our website at or by calling 1-800-829-3676 (1-800-TAX-FORM). User fees are subject to change on an annual basis. See Rev. Proc. 2016-8 (updated annually) for the current user fee. An organization must file Form 1024 to be recognized as an organization described in section 501(c)(9) or 501(c)(17). Generally, if an organization files its application within 15 months after the end of the month in which it was formed, and if the IRS approves the application, the effective date of the organization's section 501(c)(9) or (17) status will be the date it was organized. When To File (Section 501(c)(9) or (17) Organization) What To File Don't submit any blank schedules that don't apply to your type of organization. Helpful information. For additional information, see: Pub. 557, Tax-Exempt Status for Your Organization; Pub. 598, Tax on Unrelated Business Income of Exempt Organizations; Pub. 578, Tax Information for Private Foundations and Foundation Managers; and Internet site: Form 1024 is used by most types of organizations to apply for recognition of exemption under section 501(a). See Part I of the application. Even if these organizations aren't required to file Form 1024 to be tax-exempt (such as section 501(c)(4) organizations), they may wish to file Form 1024 to receive a determination letter of IRS recognition of their section 501(c) status in order to obtain certain incidental benefits such as Public recognition of tax-exempt status; Exemption from certain state; Advance assurance to donors of deductibility of contributions (in certain cases); and Nonprofit mailing privileges, etc. Note. Most organizations operating under section 501(c)(4) are required to notify the IRS that they are operating under section 501(c)(4) within 60 days of formation by filing Form 8976 (see Rev. Proc. 2016-41, IRB 2016-30 I.R.B. 165 at www.irs.Rev.Proc.2016-41). This requirement isn't met by submitting Form Aug 15, 2016 Most organizations applying for exemption under section 501(a) must complete Parts I through III. Section 501(c)(9), Voluntary Employees' Beneficiary Associations, and section 501(c)(17), Supplemental Unemployment Benefit Trusts, applicants should also complete Part IV. See Special Rule for Certain Canadian Organizations on the following page. In addition, each organization must complete the schedule indicated on page 1 of the application for the section of the Code under which it seeks recognition of exemption. (For example, a social welfare organization seeking recognition under section 501(c)(4) must complete Parts I through III and Schedule B.) For any attachments submitted with Form 1024; Show the organization's name, address, and employer identification number (EIN); Identify the Part and line item number to which the attachment relates; Use 8-1/2 x 11 inch paper for any attachments and Include any court decisions, rulings, opinions, etc., that will expedite processing of the application. Generally, attachments in the form of tape recordings aren't acceptable unless accompanied by a transcript. Generally, if an organization don't file its application (Form 1024) within 15 months after the end of the month in which it was formed, it won't qualify for exempt status as a section 501(c)(9) or (17) organization during the period before the date of its application. For exceptions and special rules, including automatic extensions in some cases, see Part IV of Form 1024. The date of receipt is the date of the U.S. postmark on the cover in which an exemption application is mailed or, if no postmark appears on the cover, the date the application is stamped as received by the IRS. Private delivery services. Purpose of Form See the instructions for your income tax return for information on certain private delivery services designated by the IRS to meet the "timely mailing as timely filing/ paying rule." The private delivery service can tell you how to get written proof of the mailing date. Private delivery services can't deliver items to P.O. boxes. You CAUTION must use the U. S. Postal Service to mail any item to an IRS P.O. box address. See the Form 8718 for the P.O. box address as well as the express mail or a delivery service address. Attachments ! Where To File File the completed Form 1024 application, and all required information, at the address shown in Form 8718. The IRS will determine the organization's tax-exempt status and whether any annual returns must be filed. Signature Requirements An officer, a trustee who is authorized to sign, or another person authorized by a power of attorney, must sign the Form American LegalNet, Inc. Cat. No. 47909G 1024 application. Attach a power of attorney to the application. You may use Form 2848, Power of Attorney and Declaration of Representative, for this purpose. If an organization has unrelated business income of more than $1,000, file Form 990-T, Exempt Organization Business Income Tax Return. Applicants under sections 501(c)(5), (9), and (17) should see the Form 990 (or Form 990-EZ) instructions for special provisions regarding substitutions for certain parts of that form. Information available for public inspection. If the IRS approves the organization's application for section 501(c) status, the following it

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