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The IRS 1024 form is used by organizations seeking tax-exempt status under sections other than 501(c)(3) of the Internal Revenue Code. It's a critical step for entities that aim to operate without the burden of income taxes, allowing them to focus more on their mission. For a guided process on how to complete and submit your IRS 1024 form, click the button below.

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For organizations seeking recognition of their tax-exempt status under categories other than 501(c)(3), the IRS 1024 form is a crucial document. It encompasses a wide range of entities including social welfare organizations, labor unions, and business leagues, among others. Completing this form accurately is essential for these organizations to obtain the status that exempts them from federal income tax. The process not only involves detailing the specific nature of the organization's activities but also requires an understanding of the complexities involved in tax law. Additionally, filing the form comes with its set of deadlines and documentation requirements, underscoring the need for meticulousness and timely action. The IRS scrutinizes these applications to ensure compliance with tax exemption qualifications, making it important for filers to provide comprehensive and accurate information. Through the successful filing and approval of Form 1024, organizations can secure their tax-exempt status, paving the way for financial efficiencies and the ability to focus more on their core objectives and community service missions.

Preview - IRS 1024 Form

The form you are looking for begins on the next page of this file. Before viewing it, please see the important update information below.

New Mailing Address

The mailing address for certain forms have change since the forms were last published. The new mailing address are shown below.

Mailing Address for Forms 1023, 1024, 1024-A, 1028, 5300, 5307, 5310, 5310-A, 5316, 8717, 8718, 8940:

Internal Revenue Service

TE/GE Stop 31A Team 105

P.O. Box 12192

Covington, KY 41012–0192

Deliveries by private delivery service (PDS) should be made to:

Internal Revenue Service

7940 Kentucky Drive

TE/GE Stop 31A Team 105

Florence, KY 41042

This update supplements these forms’ instructions. Filers should rely on this update for the change described, which will be incorporated into the next revision of the form’s instructions.

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Form 1024 (Rev. January 2018)

Department of the Treasury Internal Revenue Service

Application for Recognition of Exemption

Under Section 501(a)

Go to www.irs.gov/Form1024 for instructions and the latest information.

OMB No. 1545-0057

If exempt status is approved, this application will be open for public inspection.

Read the instructions for each Part carefully. A User Fee must be attached to this application.

If the required information and appropriate documents are not submitted along with Form 8718 (with payment of the

appropriate user fee), the application may be returned to the organization.

Complete the Procedural Checklist that follows the form.

Part I. Identification of Applicant Must be completed by all applicants; also complete appropriate schedule. Submit only the schedule that applies to your organization. Do not submit blank schedules.

Check the appropriate box below to indicate the section under which the organization is applying:

a Section 501(c)(2)—Title holding corporations (Schedule A)

b Reserved for future use

c	Section 501(c)(5)—Labor, agricultural, or horticultural organizations (Schedule C)

d Section 501(c)(6)—Business leagues, chambers of commerce, etc. (Schedule C)

e	Section 501(c)(7)—Social clubs (Schedule D)
f	Section 501(c)(8)—Fraternal beneficiary societies, etc., providing life, sick, accident, or other benefits to members (Schedule E)
g	Section 501(c)(9)—Voluntary employees’ beneficiary associations (Parts I through IV and Schedule F)
h	Section 501(c)(10)—Domestic fraternal societies, orders, etc., not providing life, sick, accident, or other benefits (Schedule E)
i	Section 501(c)(12)—Benevolent life insurance associations, mutual ditch or irrigation companies, mutual or cooperative telephone
	companies, or like organizations (Schedule G)

j Section 501(c)(13)—Cemeteries, crematoria, and like corporations (Schedule H)

k	Section 501(c)(15)—Mutual insurance companies or associations, other than life or marine (Schedule I)
l	Section 501(c)(17)—Trusts providing for the payment of supplemental unemployment compensation benefits (Parts I through IV and Schedule J)
m	Section 501(c)(19)—A post, organization, auxiliary unit, etc., of past or present members of the Armed Forces of the United States (Schedule K)
n	Section 501(c)(25)—Title holding corporations or trusts (Schedule A)

1a	Full name of organization (as shown in organizing document)			2 Employer identification number (EIN) (if
					none, see Specific Instructions)

1b c/o Name (if applicable)				3 Name and telephone number of person to be
					contacted if additional information is needed

1c	Address (number and street)		Room/Suite

1d	City, town or post office, state, and ZIP + 4. If you have a foreign address, see Specific
	Instructions for Part I.
				(	)
1e	Web site address	4 Month the annual accounting period ends		5 Date incorporated or formed

6Did the organization previously apply for recognition of exemption under this Code section or under any other section of the Code? If “Yes,” attach an explanation.

Yes

7 Has the organization filed Federal income tax returns or exempt organization information returns? . . . . . . . .

If “Yes,” state the form numbers, years filed, and Internal Revenue office where filed.

Yes

8Check the box for the type of organization. ATTACH A CONFORMED COPY OF THE CORRESPONDING ORGANIZING DOCUMENTS TO THE APPLICATION BEFORE MAILING.

a	Corporation—	Attach a copy of the Articles of Incorporation (including amendments and restatements) showing approval by the
		appropriate state official; also attach a copy of the bylaws.
b	Trust—	Attach a copy of the Trust Indenture or Agreement, including all appropriate signatures and dates.
c	Association—	Attach a copy of the Articles of Association, Constitution, or other creating document, with a declaration (see instructions)
		or other evidence that the organization was formed by adoption of the document by more than one person. Also include a
		copy of the bylaws.

If this is a corporation or an unincorporated association that has not yet adopted bylaws, check here . . . . . . . .

I declare under the penalties of perjury that I am authorized to sign this application on behalf of the above organization, and that I have examined this application, including the accompanying schedules and attachments, and to the best of my knowledge it is true, correct, and complete.

PLEASE	F
SIGN
HERE		(Signature)

For Paperwork Reduction Act Notice, see instructions.

(Type or print name and title or authority of signer)	(Date)
Catalog No. 12343K	Form 1024 (Rev. 1-2018)

Form 1024 (Rev. 1-2018)

Page 2

Part II. Activities and Operational Information (Must be completed by all applicants)

1Provide a detailed narrative description of all the activities of the organization—past, present, and planned. Do not merely refer to or repeat the language in the organizational document. List each activity separately in the order of importance based on the relative time and other resources devoted to the activity. Indicate the percentage of time for each activity. Each description should include, as a minimum, the following: (a) a detailed description of the activity including its purpose and how each activity furthers your exempt purpose; (b) when the activity was or will be initiated; and (c) where and by whom the activity will be conducted.

2List the organization’s present and future sources of financial support, beginning with the largest source first.

Form 1024 (Rev. 1-2018)

Page 3

Part II. Activities and Operational Information (continued)

3Give the following information about the organization’s governing body:

a Names, addresses, and titles of officers, directors, trustees, etc.

bAnnual compensation

4If the organization is the outgrowth or continuation of any form of predecessor, state the name of each predecessor, the period during which it was in existence, and the reasons for its termination. Submit copies of all papers by which any transfer of assets was effected.

5If the applicant organization is now, or plans to be, connected in any way with any other organization, describe the other organization and explain the relationship (for example, financial support on a continuing basis; shared facilities or employees; same officers, directors, or trustees).

6If the organization has capital stock issued and outstanding, state: (1) class or classes of the stock; (2) number and par value of the shares;

(3) consideration for which they were issued; and (4) if any dividends have been paid or whether your organization’s creating instrument authorizes dividend payments on any class of capital stock.

7State the qualifications necessary for membership in the organization; the classes of membership (with the number of members in each class); and the voting rights and privileges received. If any group or class of persons is required to join, describe the requirement and explain the relationship between those members and members who join voluntarily. Submit copies of any membership solicitation material. Attach sample copies of all types of membership certificates issued.

8Explain how your organization’s assets will be distributed on dissolution.

Form 1024 (Rev. 1-2018)

Page 4

Part II. Activities and Operational Information (continued)

9Has the organization made or does it plan to make any distribution of its property or surplus funds to shareholders or

members? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If “Yes,” state the full details, including: (1) amounts or value; (2) source of funds or property distributed or to be distributed; and (3) basis of, and authority for, distribution or planned distribution.

Yes

10Does, or will, any part of your organization’s receipts represent payments for services performed or to be performed? . If “Yes,” state in detail the amount received and the character of the services performed or to be performed.

Yes

11Has the organization made, or does it plan to make, any payments to members or shareholders for services performed or

to be performed? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If “Yes,” state in detail the amount paid, the character of the services, and to whom the payments have been, or will be, made.

Yes

12Does the organization have any arrangement to provide insurance for members, their dependents, or others (including

provisions for the payment of sick or death benefits, pensions, or annuities)? . . . . . . . . . . . . .

If “Yes,” describe and explain the arrangement’s eligibility rules and attach a sample copy of each plan document and each type of policy issued.

Yes

13Is the organization under the supervisory jurisdiction of any public regulatory body, such as a social welfare agency, etc.? If “Yes,” submit copies of all administrative opinions or court decisions regarding this supervision, as well as copies of applications or requests for the opinions or decisions.

Yes

14 Does the organization now lease or does it plan to lease any property? . . . . . . . . . . . . . . .

If “Yes,” explain in detail. Include the amount of rent, a description of the property, and any relationship between the applicant organization and the other party. Also, attach a copy of any rental or lease agreement. (If the organization is a party, as a lessor, to multiple leases of rental real property under similar lease agreements, please attach a single representative copy of the leases.)

Yes

15Has the organization spent or does it plan to spend any money attempting to influence the selection, nomination, election,

or appointment of any person to any federal, state, or local public office or to an office in a political organization? . . If “Yes,” explain in detail and list the amounts spent or to be spent in each case.

Yes

16 Does the organization publish pamphlets, brochures, newsletters, journals, or similar printed material? . . . . .

If “Yes,” attach a recent copy of each.

Yes

Form 1024 (Rev. 1-2018)

Form 1024 (Rev. 1-2018)	Page 5
Part III. Financial Data (Must be completed by all applicants)

Complete the financial statements for the current year and for each of the 3 years immediately before it. If in existence less than 4 years, complete the statements for each year in existence. If in existence less than 1 year, also provide proposed budgets for the 2 years following the current year.

A. Statement of Revenue and Expenses

	Revenue
1	Gross dues and assessments of members . . .
2	Gross contributions, gifts, etc

3Gross amounts derived from activities related to the organization’s exempt purpose (attach schedule)

(Include related cost of sales on line 9.) . . . .

4Gross amounts from unrelated business activities (attach schedule)

5 Gain from sale of assets, excluding inventory items

	(attach schedule)	. . . . . . . . . .
6	Investment income (see instructions)
7	Other revenue (attach schedule)

8Total revenue (add lines 1 through 7) . . . . .

Expenses

9Expenses attributable to activities related to the organization’s exempt purposes . . . . . .

10Expenses attributable to unrelated business activities

11Contributions, gifts, grants, and similar amounts paid

(attach schedule)

. . . . . . . . . .

12Disbursements to or for the benefit of members (attach schedule)

13Compensation of officers, directors, and trustees (attach schedule)

14	Other salaries and wages
15	Interest
16	Occupancy
17	Depreciation and depletion	. . . . . . .
18	Other expenses (attach schedule)

19Total expenses (add lines 9 through 18) . . . .

20Excess of revenue over expenses (line 8 minus

line 19) . . . . . . . . . . . . .

(a) Current Tax Year	3 Prior Tax Years or Proposed Budget for Next 2 Years
From
	(b)	(c)	(d)
To

(e)Total

B. Balance Sheet (at the end of the period shown)

			Current Tax Year
		Assets	as of
1	Cash		1
2	Accounts receivable, net		2
3	Inventories		3
4	Bonds and notes receivable (attach schedule)		4
5	Corporate stocks (attach schedule)		5
6	Mortgage loans (attach schedule)		6
7	Other investments (attach schedule)		7
8	Depreciable and depletable assets (attach schedule)		8
9	Land		9
10	Other assets (attach schedule)	. . . . . . . . . . . . . . . . . . . . . . . . . .	10
11	Total assets		11
12		Liabilities	12
12	Accounts payable		12
13	Contributions, gifts, grants, etc., payable		13
14	Mortgages and notes payable (attach schedule)		14
15	Other liabilities (attach schedule)		15
16	Total liabilities		16
17		Fund Balances or Net Assets	17
17	Total fund balances or net assets		17
18	Total liabilities and fund balances or net assets (add line 16 and line 17)		18

If there has been any substantial change in any aspect of the organization’s financial activities since the end of the period shown above, check the box and attach a detailed explanation . . . . . . . . . . . . . . . . . . . . . . . . . .

Form 1024 (Rev. 1-2018)

Are you filing Form 1024 within 15 months from the end of the month in which the organization was created or formed as required by section 505(c)? . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If “Yes,” skip the rest of this part.

If “No,” answer question 2.

2 If you answer “No” to question 1, are you filing Form 1024 within 27 months from the end of the month in which the organization was created or formed? . . . . . . . . . . . . . . . . . . . . . . . . . .

If “Yes,” your organization qualifies under Regulations section 301.9100-2 for an automatic 12-month extension of the 15-month filing requirement. Do not answer questions 3 and 4.

If “No,” answer question 3.

3 If you answer “No” to question 2, does the organization wish to request an extension of time to apply under the “reasonable action and good faith” and the “no prejudice to the interest of the government” requirements of Regulations section 301.9100-3? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 501(c)(9) and 501(c)(17) organizations:

Form 1024 (Rev. 1-2018)

Part IV. Notice Requirements (Sections 501(c)(9) and 501(c)(17) Organizations Only)

Page 6

Yes

If “Yes,” give the reasons for not filing this application within the 27-month period described in question 2. See Specific Instructions, Part IV, Line 3, before completing this item. Do not answer question 4.

If “No,” answer question 4.

4If you answer “No” to question 3, your organization’s qualification as a section 501(c)(9) or 501(c)(17) organization can be recognized only from the date this application is filed. Therefore, does the organization want us to consider its application as a request for recognition of exemption as a section 501(c)(9) or 501(c)(17) organization from the date the application is received and not retroactively to the date the organization was created or formed? . . . . . . . . . . . .

Yes

Form 1024 (Rev. 1-2018)

Page 7

Schedule A Organizations described in section 501(c)(2) or 501(c)(25) (Title-holding corporations or trusts)

1State the complete name, address, and EIN of each organization for which title to property is held and the number and type of the applicant organization’s stock held by each organization.

2If the annual excess of revenue over expenses has not been or will not be turned over to the organization for which title to property is held, state the purpose for which the excess is or will be retained by the title holding organization.

3In the case of a corporation described in section 501(c)(2), state the purpose of the organization for which title to property is held (as shown in its governing instrument) and the Code sections under which it is classified as exempt from tax. If the organization has received a determination or ruling letter recognizing it as exempt from taxation, please attach a copy of the letter.

4In the case of a corporation or trust described in section 501(c)(25), state the basis whereby each shareholder is described in section 501(c)(25)(C). For each organization described that has received a determination or ruling letter recognizing that organization as exempt from taxation, please attach a copy of the letter.

5With respect to the activities of the organization.

a Is any rent received attributable to personal property leased with real property? . . . . . . . . . . . .

If “Yes,” what percentage of the total rent, as reported on the financial statements in Part III, is attributable to personal property?

bWill the organization receive income which is incidentally derived from the holding of real property, such as income

from operation of a parking lot or from vending machines? . . . . . . . . . . . . . . . . . .

If “Yes,” what percentage of the organization’s gross income, as reported on the financial statements in Part III, is incidentally derived from the holding of real property?

cWill the organization receive income other than rent from real property or personal property leased with real property or income which is incidentally derived from the holding of real property? . . . . . . . . . . . . . .

If “Yes,” describe the source of the income.

Yes

Instructions

Line 1.—Provide the requested information on each organization for which the applicant organization holds title to property. Also indicate the number and types of shares of the applicant organization’s stock that are held by each.

Line 2.—For purposes of this question, “excess of revenue over expenses” is all of the organization’s income for a particular tax year less operating expenses.

Line 3.—Give the exempt purpose of each organization that is the basis for its exempt status and the Internal Revenue Code section that

describes the organization (as shown in its IRS determination letter).

Line 4.—Indicate if the shareholder is one of the following.

1.A qualified pension, profit-sharing, or stock bonus plan that meets the requirements of the Code;

2.A government plan;

3.An organization described in section 501(c)(3); or

4.An organization described in section 501(c)(25).

Form 1024 (Rev. 1-2018)

Page 8

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Download IRS 1024 PDF Form

Form Data

Fact Name	Detail
Purpose	The IRS 1024 form is used by organizations seeking tax-exempt status under certain sections of the Internal Revenue Code, excluding those covered by the 501(c)(3) designation.
Sections Covered	It applies to organizations seeking designation under sections 501(c)(4), (c)(5), (c)(6), and other specified sections, but not for charitable organizations, which must file Form 1023.
Submission Process	Organizations must complete and submit the form through the IRS electronic filing system, Pay.gov, and include the necessary supporting documents and user fee.
Governing Law	Federal tax law governs the Form 1024, as it relates to federal tax exemption. State-specific laws may govern related state tax exemptions and must be consulted separately.

Instructions on Utilizing IRS 1024

After an organization decides to apply for tax-exempt status under Section 501(c), the next step is to complete IRS Form 1024. This document requires detailed information about the organization's structure, activities, and finances. Filling out this form accurately is critical for securing approval. The instructions provided herein are designed to guide the applicant through the process of completing the form.

Begin by downloading the IRS Form 1024 from the official IRS website. Ensure you have the current version.
Review the entire form first to understand the type of information required. Collect any necessary documents and information beforehand.
In Part I, provide the basic information about the organization, including its name, address, and employer identification number (EIN). Do not leave any fields blank unless specifically instructed.
In Part II, indicate the code that corresponds to the organization's type. Consult the instructions provided with the form to select the correct code.
Part III requires a narrative description of the organization’s activities. Describe the purpose, operations, and programs in detail. Include information on how these activities support the organization's tax-exempt purpose.
In Part IV, detail the compensation and financial arrangements with officers, directors, and trustees. Include information about salaries, bonuses, and other compensations.
Part V asks for financial data. Provide financial statements for the current year and projections for the next two years. This should include a detailed breakdown of revenue and expenses.
Part VI covers specific questions related to the organization's operations and structure. Answer each question fully, providing additional sheets if the space provided is insufficient.
Ensure that the form is signed and dated by an authorized individual, such as an officer of the organization. Electronic signatures may not be acceptable, so verify the current requirements.
Finally, review the completed form and accompanying documents for accuracy and completeness. Incorrect or missing information can delay the review process.
Submit the form along with any required payment for the application fee. Check the IRS website for the current fee schedule and acceptable payment methods.

Upon submission, the IRS will review the form, which may take several months. During this time, the organization may be contacted for additional information or clarification. Approval of the application grants the organization tax-exempt status under the specified section of the Internal Revenue Code. However, maintaining this status requires adherence to ongoing compliance and reporting obligations.

Obtain Answers on IRS 1024

Welcome to the FAQ section about the IRS 1024 form. Here, individuals and organizations can find answers to commonly asked questions regarding the completion and submission of this important document.

What is the IRS 1024 form used for?

The IRS 1024 form is utilized by organizations seeking to apply for tax-exempt status under various sections other than 501(c)(3) of the Internal Revenue Code. These include social clubs, labor organizations, and business leagues, among others. The designation grants organizations recognition as tax-exempt, provided they meet specific criteria set forth by the IRS.
Who needs to file the IRS 1024 form?

Organizations that wish to be recognized as tax-exempt under sections 501(a) of the IRC, aside from those automatically considered tax-exempt under 501(c)(3), should file the IRS 1024 form. This may include advocacy groups, social welfare organizations, and professional associations that aim to operate on a nonprofit basis.
How can one obtain the IRS 1024 form?

The IRS 1024 form can be downloaded directly from the IRS website. The form comes with instructions that help in filling out the document accurately. It is crucial to use the most current version of the form and follow the provided instructions closely to ensure compliance with IRS requirements.
What information is required to complete the IRS 1024 form?

Completing the IRS 1024 form requires detailed information about the organization, including its name, address, and primary activities. Financial data, governing documents like bylaws and articles of incorporation, and information about officers and directors are also necessary. The form asks specific questions about the organization's purpose, operations, and revenue sources to determine its eligibility for tax-exempt status.
Is there a filing fee for the IRS 1024 form?

Yes, submitting the IRS 1024 form requires a filing fee. The amount depends on the organization's gross receipts. Smaller organizations may pay a reduced fee, while larger ones are subject to a higher rate. The current fee structure is detailed on the IRS website and should be consulted during the application process.
How long does it take to receive a determination after filing the IRS 1024 form?

The processing time for the IRS 1024 form can vary significantly based on the complexity of the application and the IRS's current workload. On average, applicants might wait several months for a decision. It is wise to plan accordingly and submit the application well in advance of when the tax-exempt status is needed.
Can an organization begin operating before the IRS approves its Form 1024 application?

Organizations can start their operations before obtaining the IRS's approval. However, there's no guarantee that the organization will be granted tax-exempt status. If approved, the tax-exempt status can be retroactive to the date of formation or the date of application if all requirements are met, allowing the organization to operate as if it had been tax-exempt from the start.
What happens if the IRS denies the Form 1024 application?

If the IRS denies an organization's Form 1024 application, the organization will be informed of the reasons for denial. Organizations have the opportunity to appeal the decision, address the issues cited by the IRS, and submit additional information that may support their eligibility for tax-exempt status. It is important to understand the reasons for denial and work closely with legal or tax professionals to address the IRS's concerns.
Are there any annual reporting requirements after gaining tax-exempt status?

Yes, once an organization is granted tax-exempt status, it must meet annual reporting requirements. The specific form and information to be reported depend on the organization's size and type but generally include financial statements and disclosures about activities and governance. These requirements are crucial for maintaining tax-exempt status and must be adhered to closely.

Common mistakes

Filing form IRS 1024, a requirement for certain organizations seeking tax-exempt status under different sections other than 501(c)(3), can be a demanding task. Common errors can lead to delays or even rejections. Highlighting these mistakes is essential to ensure a smoother application process.

Not providing detailed financial information. Applicants often fail to present comprehensive financial records or projections for the next few years. This documentation is crucial for showing the IRS the organization’s funding and spending plan.
Missing the required narrative statement. Many applicants overlook the necessity of including a narrative statement of their activities. This statement should describe past, present, and planned activities, providing the IRS with a clear picture of the organization's purpose and operations.
Incorrectly identifying the section under which they are applying. Filling out the form under the wrong section can lead to unnecessary delays. It's important to thoroughly research and understand under which section your organization qualifies before submission.
Incomplete forms. A simple but common mistake is not filling out every required line item on the form. Leaving sections incomplete can result in the IRS sending the form back for correction.
Improperly executed user fee payment. There are specific instructions for how to submit the user fee that accompanies the application. Failing to follow these instructions can lead to processing delays.
Forgetting to attach necessary schedules and attachments. The Form 1024 may require various attachments depending on the specifics of the organization. Not including required schedules or attachments can leave the application incomplete.

To avoid these common mistakes:

Thoroughly review the form instructions and IRS guidelines before starting your application.
Prepare all necessary financial information and documents in advance.
Ensure you have a clear understanding of your organization’s activities and how they align with IRS tax-exempt purposes.
Double-check that all required sections are completed fully and accurately.
Follow the specific instructions for fee payment precisely.
Compile and attach all necessary schedules and documents before submission.

Taking these steps will help to minimize errors and expedite the review process of your IRS 1024 form application.

Documents used along the form

When organizations seek to establish their status as tax-exempt, they often interact with the Internal Revenue Service (IRS) through the Form 1024 application. However, this form is just one part of a comprehensive submission. Various other documents and forms routinely accompany Form 1024 to provide the IRS with a full picture of the organization's structure, activities, and policies. These additional materials are critical for the IRS to make an informed decision regarding the tax-exempt status of the organization.

Articles of Incorporation: This document officially registers an organization as a corporation in its state and includes details about the organization's purpose, name, and office location, along with information about its initial directors.
Bylaws: Bylaws serve as the governance document for an organization, detailing the rules concerning membership, meetings, officers, and committees.
IRS Form 2848, Power of Attorney and Declaration of Representative: This form allows an organization to authorize an individual, such as an attorney or accountant, to represent it before the IRS.
IRS Form 8821, Tax Information Authorization: Form 8821 permits designated individuals or entities to request and receive confidential tax information from the IRS on behalf of the organization.
Conflict of Interest Policy: This document outlines procedures to handle situations where a person's personal interests might conflict with those of the organization.
Financial Statements: Recent financial statements provide a snapshot of the organization's financial health and activities.
Narrative Description of Activities: A written statement detailing the organization's activities, services, and programs helps the IRS understand its operations and mission.
IRS Form 5768: If an organization chooses to make the 501(h) election regarding lobbying expenditures, it must file Form 5768.
IRS Form 990: While not initially required with Form 1024, organizations often prepare a Form 990, the Return of Organization Exempt from Income Tax, as part of their annual reporting obligations.
Letters of Support: These are not typically required but can be included to provide evidence of community support for the organization’s activities.

Understanding each document's role in the application process illuminates the pathway to obtaining tax-exempt status. The thorough preparation and careful assembly of these supporting documents, alongside Form 1024, underpin a successful application with the IRS. It’s paramount for organizations to ensure completeness and accuracy in this documentation to facilitate their journey towards achieving their mission without the burden of income tax obligations.

Similar forms

IRS Form 1023: This form is used by non-profit organizations seeking tax-exempt status under Section 501(c)(3) of the Internal Revenue Code, similar to the 1024, which is for organizations looking for exemption under other sections.
IRS Form 990: The 990 Form is required from tax-exempt organizations annually to report their financial information. Like Form 1024, it's crucial for organizations to maintain their tax-exempt status.
IRS Form 8821: This form authorizes an individual or an organization to request and inspect confidential tax information, similar to how the 1024 form grants entities the ability to be recognized for tax exemption.
IRS Form 2848: Power of Attorney and Declaration of Representative, allows a person to represent another before the IRS, akin to how the 1024 may be prepared by an authorized representative of the organization.
IRS Form SS-4: Application for Employer Identification Number (EIN), necessary for tax administration for entities. Like the 1024, it's a foundational step for organizations in their tax journey.
IRS Form 8941: This form is used by small businesses to compute the credit for small employer health insurance premiums, illustrating how various forms, including 1024, support organizations through tax benefits.
IRS Form 941: Employers use this form to report income taxes, social security tax, or Medicare tax withheld from paychecks. Similar to the 1024 form, it is a critical tax document for organizations with employees.
IRS Form 5500: Annual Return/Report of Employee Benefit Plan, necessary for reporting information about employee benefit plans. It's linked by its role in organizational financial reporting, akin to the 1024's role in tax status reporting.
IRS Form W-9: Request for Taxpayer Identification Number and Certification, used to provide correct taxpayer identification number to entities paying income. Like the 1024, it ensures proper tax handling for organizations.
IRS Form 1041: U.S. Income Tax Return for Estates and Trusts, required for reporting income, gains, losses, etc., of estates and trusts. While aimed at a different audience, it parallels the 1024's function in the tax reporting ecosystem for entities.

Dos and Don'ts

When preparing to fill out the IRS 1024 form, understanding the do's and don'ts can greatly aid in ensuring a smooth application process. The form, meant for organizations seeking tax-exempt status under various sections other than 501(c)(3), requires careful attention to detail. Below are key points to keep in mind:

Do:

Ensure that your organization qualifies for the status under which you are applying. Different sections cater to different types of organizations, each with unique requirements.
Provide complete answers to all questions. Incomplete responses can lead to delays in processing or even denial of the application.
Attach all required supporting documents. This may include articles of incorporation, bylaws, financial statements, and narratives of your activities.
Use the most current form version. The IRS periodically updates forms, and utilizing the latest version is crucial for compliance.
Consider seeking guidance from a tax professional or attorney. Their expertise can help navigate the complexities of tax-exempt status applications.

Don't:

Overlook the importance of the narrative of your activities. This section is critical in demonstrating your organization's purpose and operations align with the tax-exempt criteria.
Forget to sign the form. An unsigned form is not valid and will be returned, causing unnecessary delays.
Misinterpret the filing fee. Confirm the correct filing fee amount for your application, as it varies based on the type of application and the gross receipts of your organization.
Ignore the IRS's specific formatting requirements. Adhering to the prescribed format is essential for the successful processing of your form.
Postpone consulting with professionals if you encounter challenges. The complexity of tax laws and applications can be daunting, and qualified assistance can be invaluable.

Misconceptions

Many misconceptions exist regarding the IRS Form 1024, which is crucial for organizations seeking to apply for tax-exempt status under categories other than 501(c)(3). Clarifying these misconceptions is important for entities to navigate the application process effectively.

All non-profits must file Form 1024: This is not true. While Form 1024 is important for certain organizations seeking tax-exempt status, it's specifically for those qualifying under sections other than 501(c)(3). Organizations applying for 501(c)(3) status must use Form 1023 instead.
Filing Form 1024 automatically grants tax-exempt status: Simply filing Form 1024 does not guarantee tax-exempt status. The IRS reviews each application to ensure it meets the specific requirements for tax exemption under the relevant code section.
There is no filing fee for Form 1024: There is indeed a filing fee required when submitting Form 1024. The fee varies depending on the type of organization and the specific section under which tax-exempt status is being sought.
Form 1024 can only be filed after an organization begins its activities: Organizations do not need to wait until they have commenced their activities to file Form 1024. In fact, applying before starting activities can prevent potential tax liabilities related to income received before the exemption is granted.
The information provided in Form 1024 is private and not disclosed to the public: Once granted tax-exempt status, the IRS makes portions of Form 1024, along with the letter of determination, available to the public. This transparency helps ensure accountability and public trust in the tax-exempt sector.
Organizations must reapply annually using Form 1024: Organizations are not required to reapply each year for tax-exempt status once they've been officially recognized. However, they must adhere to annual filing requirements, such as Form 990, to maintain their tax-exempt status.
Form 1024 covers all types of tax exemptions: Form 1024 is designated for organizations seeking exemption under various sections, but not all. Certain exemptions, particularly 501(c)(3) status, require filing Form 1023. Additionally, some organizations, such as churches, may not be required to file at all.

Key takeaways

The IRS 1024 form is a document organizations use to apply for recognition of exemption under certain sections of the Internal Revenue Code. Applying for tax-exempt status is an important step for many organizations, ensuring they can operate without the burden of income taxes. Here are ten key takeaways about filling out and using the IRS 1024 form:

Know Which Status You’re Applying For: Before you begin, understand which section of exemption you’re eligible for. The form caters to various sections beyond the well-known 501(c)(3).
Prepare In Advance: Gathering all necessary information beforehand makes the process smoother. This includes your organizational documents, like the articles of incorporation, bylaws, and details about your activities.
Read the Instructions Carefully: The IRS provides detailed instructions for the 1024 form. These can answer many questions you might have and guide you in providing the correct information.
Complete All Required Sections: Skipping sections or providing incomplete information can delay processing. Make sure to answer every question applicable to your organization.
Provide Detailed Descriptions: When describing your organization's activities and purposes, be as specific as possible. This clarity helps the IRS understand your operations and make an accurate determination.
Use the Correct Form Version: Ensure you’re using the most current version of the form. The IRS updates forms periodically, and using an outdated version can lead to processing delays.
Include the Application Fee: Submitting your form requires an application fee. Check the latest fee requirements and make sure your payment accompanies your form submission.
Remember the Public Inspection Requirement: Once approved, certain parts of your application, including the form itself, become public records. Be mindful of the information you disclose.
Seek Professional Advice if Necessary: If you encounter complexities filling out the form or have legal questions, consider consulting with a tax professional or legal advisor experienced with tax-exempt organizations.
Patience Is Key: The review process can take time, often several months. Plan accordingly and be patient while waiting for a response from the IRS.

Filling out and submitting the IRS 1024 form is a crucial step for organizations seeking tax-exempt status. By paying attention to these key takeaways, you can navigate the process more effectively and help set your organization up for success.

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