IRS Form 1023 Tax Preparation Guide (Paperback)

by Jody Blazek (Author) "This book is a strategic guide for obtaining IRS recognition of tax-exempt status as a charitable organization..." (more)
Key Phrases: highest compensated employees, public support test calculation, highest compensated independent contractors, United States, Exempt Organization Group, Internal Revenue Bulletin (more...)

Editorial Reviews

Product 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

From the Back Cover
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

See all Editorial Reviews

Product Details

• Paperback: 264 pages
• Publisher: Wiley; Pap/Onl edition (April 21, 2005)
• Language: English
• ISBN-10: 0471715255
• ISBN-13: 978-0471715252
• Product Dimensions: 9.8 x 7 x 0.7 inches
• Shipping Weight: 14.4 ounces (View shipping rates and policies)
• Average Customer Review: 4.5 out of 5 stars See all reviews (2 customer reviews)
• Amazon.com Sales Rank: #530,663 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

11 of 11 people found the following review helpful:

5.0 out of 5 stars Excellent source of tips and sound advice, October 10, 2005

By	Jefferson Westwood (Fredonia, NY, USA) - See all my reviews (REAL NAME)

I bought Jody Blazek's "IRS Form 1023 Tax Preparation Guide" to help me through the maze of filling out the recently-revised applicaiton form for obtaining 501(c)(3) tax exempt status. It was a very helpful book. I kept it by my side when filling out the form, and emulated the examples it gave.

When I was nearing completion, I considered having my applicaiton reviewed by a CPA in a big city near hear, just to make sure there was nothing in my final draft that might cause rejection or delay. In the final analysis, I decided just to submit what I had done with the help of Jody's book -- and save the $500 to $1,000 that the CPA firm in Buffalo would have charged.

I submitted our application for the VIA Collaborative Arts Corporation (DBA VIA Dance Collaborative) on September 1, 2005. The IRS issued our approval letter -- our "Letter of Determination" on September 30. Need I say more?

3 of 4 people found the following review helpful:

4.0 out of 5 stars Good Choice, October 31, 2007

By	Kidd (MI) - See all my reviews

This book answered many questions that the instructions provided with form 1023 does not. We hope to get a merit ruling.