Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can anyone complete the IRS forms and gain 501(c)(3) tax-exempt status?

0
Posted

Can anyone complete the IRS forms and gain 501(c)(3) tax-exempt status?

0

Technically, yes, anyone can complete IRS Form 1023 and other required IRS forms and documents. However, from a practical perspective, it is highly unadvisable to attempt to complete the arduous applications, forms, schedules and other requested documents by a novice. It is highly recommended that an applicant procure the assistance of a professional who is familiar with the process. At the least, is it highly advisable that an applicant have the applications and documents reviewed by an attorney or tax specialist before submitting them to the IRS. IRS agents have found that a delay in completion of the process is primarily due to insufficient submission of the application. Submitting incomplete, incorrect and/or inaccurate documents and/or applications can delay the process with the IRS for up to 12 months. (See page 24 of the Instructions for Form 1023). The average cost to prepare IRS Form 1023 and the additional schedules and documents required by an attorney or tax specialist can

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.