- NY Credits : 8.0
- TX Credits : 8.0
- CTEC Credits : Federal Tax Law - 8.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 8.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 8.0
Companion to PPC's 990 Deskbook - Course 2 - Form 1023 (990TG182)
This interactive self-study CPE course discusses Form 1023 (Application for Recognition of Exemption). Organizations who file a Form 990 may also need to file Form 1023 to have their tax-exempt status recognized by the IRS. Lesson 1 discusses how and when an organization should file for exemption. Lesson 2 covers providing information about the organization and its activities and operations on Form 1023. Lesson 3 examines the differences between being classified as a public charity or a private foundation. Finally, Lesson 4 concludes the course with a discussion of providing financial data on Form 1023.
Course Expiration Date: February 28, 2019
Please note, the grading fee for answer sheets submitted by regular mail is $105.
Identify the benefits of tax-exempt status, and which organizations are automatically exempt.
Determine the best way to address procedural issues related to Form 1023.
Recognize the information required on Parts I, II, III, IV, and V of Form 1023.
Identify the necessary information for filling out Parts VI, VII, and VIII of Form 1023.
Recognize the differences between qualifying as a public charity and a private foundation.
Determine how to qualify as a public charity under the rules that govern supporting organizations.
Identify the purpose of Part IX of Form 1023.
Lesson 1—Determining How and When to File for Exemption
Lesson 2—Providing Information about the Organization and Its Activities and Operations
Lesson 3—Determination of Public Charity versus Private Foundation Status
Lesson 4—Providing Financial Data