Customer Reviews

IRS Form 1023 Tax Preparation Guide

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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?

I had read all the IRS publications and had filled out form 1023 as best I could before I purchased the book. I had hoped to find information on the relative importance of the questions, some useful tips, short cuts, etc. It was a waste of my money. I did not learn anything that was not made perfecetly clear in the IRS pubs and on the Instructions for form 1023 (but my application did not require any of the Schedules).

The book is great for a general overview of how to prepare the 1023. Since the form covers a broad range of topics and requires specific information for various forms of not for profits, the books is limited in its ability to provide detailed information for the average user. However, the book is very user friendly and provides examples that prove to be handy in the preparation of the IRS form.

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