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You don't have to an expert user to complete an IRS Form 1023. You can easily do it, if you know how to use a computer. This article will provide you step by step guidance on how to fill up an IRS Form using the supreme PDF tool named as PDFelement, which you might be familiar with.

Your Best Solution to Fill out IRS Form 1023

IRS Form 1023 is known as Application for Recognition of Exemption which is submitted to the Internal Revenue Service of United States of America. This form has many pages but don’t worry it is easy and very quick to fill up this form is by using PDFelement.

irs form 1023

PDFelement can edit, create and also separate PDF files and it runs smoothly on both Windows and Mac. You can download it by simply click the Download button above. You will be surprised to know that it can perform numerous operations other than form filling for PDF files and documents.


Instructions for How to Complete IRS Form 1023

The following steps given below will guide on how to complete the IRS Form 1023

Step 1: You can get the IRS Form 1023 from the official website of Department of the Treasury, Internal Revenue Service or you can simply search for IRS Form 1023 in Google. Download and open it using PDFelement after installation is completed.

fill out irs form 1023

Step 2: Start filling Part I. Part I is titled as Identification of Applicant. The personal information of the applicant must be filled in this part. Enter the details form line 1 to line 6; it is simply filling up the basic information like Name, Address, Employee Identification number etc. Lines 7 to 12 are simple questions which you need to answer as 'Yes' or 'No'.

instructions for irs form 1023

Step 3: Start filling Part II. Part II is titled as 'Organizational structure'. You have to select the answer as 'Yes' or 'No'. Complete line 1 to line 5 to specify your organizational structure. Start filling Part III, which is titled as 'Required Provisions in Your Organizing Document'. Check the boxes and enter the details on line 1 and line 2. Part 4 is titled as 'Narrative Description of Your Activities'. You have to attach separate sheet to describe your past, present and planned activities for Part IV.

irs form 1023

Step 4: Part V is titled as 'Compensation and Other Financial Arrangements with Your Officers, Directors, Trustees, Employees, and Independent Contractors'. This part consists of many tables where you have to mention the details of the organization.

Line 1 consists of three subdivisions, 1a, 1b and 1c, each subdivision consist of a table to enter Employee details. From line 2 to line 9, all the questions must be answered appropriately. Start filling Part VI; it is titled as 'Your Members and Other Individuals and Organizations That Receive Benefits from You'. And Part VII is titled as 'Your History'. You can easily fill up Part VI and VII y following the instructions.

fill out irs form 1023

Step 5: Start filling Part VIII. This part is titled as Your Specific Activities. You can easily answer the questions from line 1 to line 22 as 'Yes' or 'No'. Start filling Part IX, which is titled as 'Financial Data'. Fill section A, by entering all the values related to Statement of Revenues and Expenses, on line 1 through line 22. Section B is titled as 'Balance Sheet'. You have to enter all the amounts from the balance sheet for your most recently completed financial year.

instructions for irs form 1023

Step 6: Start filling Part X, which is titled as 'Public Charity Status'. On the part you have to answer the entire questions from line 1 to line 7 appropriately. On the next part, Part XI, you have to answer questions in line 1 to line 3. At the end of this part you have to provide your signature and date to make a declaration that all the information provided are true, correct and complete.

irs form 1023

Step 7: After providing signature, there are many Schedules which need to be filled by answering questions and entering values. Schedule A is titled as 'Churches' you have to answer all the questions in this part as 'Yes' or 'No'. Schedule B is titled as 'Schools, Colleges, and Universities', answer all the questions appropriately.

Schedule C is titled as 'Hospitals and Medical Research Organizations', complete this part by answering all the questions. Schedule D is titled as 'Section 509(a)(3) Supporting Organizations', move to the next Schedule after completing this part . Schedule E. is titled as 'Organizations Not Filing Form 1023 within 27 Months of Formation', this part must be filled carefully. Similarly fill up, Schedule E, F, G and H, to complete the form. This is how you complete and IRS Form 1023.

fill out irs form 1023

Tips and Warnings for IRS Form 1023

  • For Part IV, you must attach one or more sheet to describe your past, present and planned activities. In any case if you have already provided some of this information in response to other portions of this form, you have to summarize that information and refer to the specific portions of the form for supporting details.
  • Professionals usually use PDFelement to fill up forms which makes it easier by saving your time to fill-up such sophisticated forms.
  • There have been changes made in this form October 2013. You can see all the changes on the instruction pages, some of the changes are like change in mailing address, changes in Part IX and X, Increase in user fees on Part XI etc.
  • The form consists of almost 31 pages with instructions to fill up. This form is very important since it can help you get an exemption if recognized by the government.

Home > PDF Forms Tips > IRS Form 1023: Filling Now Made Easy with PDFelement
Wondershare Editor

Posted by to PDF Forms Tips
Published: Jan 04,2018 11:02 am / Updated: Jan 17,2018 15:37 pm

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