File current versions of exemption applications | KPMG | GLOBAL
close
Share with your friends

File current versions of exemption applications; schedule of user fees

File current versions of exemption applications

The IRS today issued a reminder to entities seeking tax-exempt status to use the current version of forms to avoid processing delays.

1000

Related content

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.

User fees

Today’s IRS release also includes a reminder that Rev. Proc. 2018-5 listed the following user fees: 

  • $600 for applications on Form 1023, Form 2014, and Form 1024-A
  • $275 for Form 1023-EZ
  • $2,000 for group exemption letter 

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. 

Form 1023 revisions

The IRS release notes that Form 1023 and the related instructions have been updated to:

  • Include a new public charity status for agricultural research organizations (section 170(B)(1)(a)(ix))
  • Eliminate a question about the advance ruling process
  • Eliminate an outdated question about organizations applying for 501(c)(3) recognition more than 27 months after formation
  • Reflect enhanced financial data reporting requirements for organizations older than one year

 

For more information, contact a tax professional with KPMG’s Washington National Tax practice:

Greg Goller | +1 703 286 8391 | greggoller@kpmg.com

Alexandra Mitchell | +1 202 533 6078 | aomitchell@kpmg.com

Preston Quesenberry | +1 202 533 3985 | pquesenberry@kpmg.com 

Randall Thomas | +1 202 533 3786 | randallthomas@kpmg.com

© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit