The IRS today issued a reminder to entities seeking tax-exempt status to use the current version of forms to avoid processing delays.
The current version of Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, is dated December 2017, and Form 1024, Application for Recognition of Exemption Under Section 501(a), is dated January 2018. Today’s IRS release states that if a prior version of one of these forms is used, the IRS will return the application and ask for the application to be resubmitted using the current version of the form.
Today’s IRS release also includes a reminder that Rev. Proc. 2018-5 listed the following user fees:
The IRS release reminds that Form 8718, User Fee for Exempt Organization Determination Letter Request, is to be submitted with group exemption letter requests and exemption applications, other than those filed on Forms 1023 and 1023-EZ.
The IRS release notes that Form 1023 and the related instructions have been updated to:
For more information, contact a tax professional with KPMG’s Washington National Tax practice:
Greg Goller | +1 703 286 8391 | firstname.lastname@example.org
Alexandra Mitchell | +1 202 533 6078 | email@example.com
Preston Quesenberry | +1 202 533 3985 | firstname.lastname@example.org
Randall Thomas | +1 202 533 3786 | email@example.com
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