Louis E. Michelson, A Professional Corporation

Providing Legal and Tax Advisory Services to Nonprofit Organizations

Entries Tagged as 'Form 1023'

Compensation and Related Party Transactions

May 7th, 2020 · Comments Off on Compensation and Related Party Transactions · Form 1023

Note: This post is taken from irs.gov. Applications for exemption and miscellaneous determination requests are assigned to Exempt Organizations specialists for review. If additional information is necessary to make a determination, a specialist will contact the organization for the information. Here’s a list of questions that might be asked on this topic. Non-Fixed Compensation 1. […]

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Foundation Classification

May 7th, 2020 · Comments Off on Foundation Classification · Form 1023

Note: This post is taken from irs.gov. Applications for exemption and miscellaneous determination requests are assigned to Exempt Organizations specialists for review. If additional information is necessary to make a determination, a specialist will contact the organization for the information. Here’s a list of questions that might be asked on this topic. Requested 170(b)(1)(A)(vi) Appears […]

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Attempting to Influence Legislation or Political Campaign Intervention Activities

May 7th, 2020 · Comments Off on Attempting to Influence Legislation or Political Campaign Intervention Activities · Form 1023

Note: This post is taken from irs.gov. Applications for exemption and miscellaneous determination requests are assigned to Exempt Organizations specialists for review. If additional information is necessary to make a determination, a specialist will contact the organization for the information. Here’s a list of questions that might be asked on this topic. Specific Questions for […]

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Submitted Form 1023 – Organization Appears to be Described in Subsection Requiring Form 1024

May 7th, 2020 · Comments Off on Submitted Form 1023 – Organization Appears to be Described in Subsection Requiring Form 1024 · Form 1023

Note: This post is copied from irs.gov. Applications for exemption and miscellaneous determination requests are assigned to Exempt Organizations specialists for review. If additional information is necessary to make a determination, a specialist will contact the organization for the information. Here’s a list of questions that might be asked on this topic. 1. You submitted […]

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How to Rescue a Troubled Nonprofit – Federal Income Tax Considerations

February 8th, 2017 · Comments Off on How to Rescue a Troubled Nonprofit – Federal Income Tax Considerations · Federal Income Taxes, Form 1023, Form 1023-EZ, Loss of Tax-Exempt Staus, Rev. Proc. 2014-11

Did your nonprofit organization lose its tax-exempt status? Are you considering reinstating the exemption for federal income tax purposes? What issues should you be thinking about? The webinar below addresses the following topics: ● How loss of exemption occurs ● How to reinstate exemption ● Federal Reinstatement: critical dates ● 4 possible routes to reinstate […]

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Obtaining Recognition of Tax-Exempt Status

October 22nd, 2015 · Comments Off on Obtaining Recognition of Tax-Exempt Status · Form 1023, Process for Obtaining Recognition of Tax Exemption, State Exemption, Streamlined Application, tax exemption

Nonprofit organizations are not automatically recognized as tax-exempt.  This raises all sorts of questions:  What types of tax-exemption are there?  Do charitable organizations, tax-exempt under IRC 501(c)(3) need to abide by certain rules or criteria?   Are there different criteria for other tax-exempt organizations?  How does a nonprofit apply for recognition of tax-exemption from federal income […]

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