Applying for Tax-Exempt Status: Completing Forms 1023 and 1023-EZ for IRC Section 501(c)(3) Status
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE video webinar with Q&A
This webinar will review the IRS application process for tax-exempt status and completing Forms 1023 and 1023-EZ. Our seasoned nonprofit advisers will provide a section-by-section overview of these forms, identify required documents, and offer submission tips to facilitate an organization's application for this privileged status.
Outline
- Welcome and introduction
- Overview of the webinar
- Objectives and goals
- Introduction of participants
- Understanding IRS Form 1023 and Form 1023-EZ
- Purpose and differences
- Complexity, length, and eligibility
- Advantages and limitations
- Key highlights of Form 1023
- Section-by-section overview
- Common pitfalls to avoid
- Key highlights of Form 1023-EZ
- Overview and key sections
- Common issues and efficient completion tips
- Application process
- Preparing and gathering documentation
- Completing forms and submission
- Post-submission tips
- Scrutiny and challenges with Form 1023-EZ
- Increased scrutiny
- Common red flags and compliance issues
- Real world examples and solutions
Benefits
The panel will cover these and other critical issues:
- Increased IRS scrutiny of tax-exempt status applications
- Tips to facilitate acceptance of the application for 501(c)(3) status
- Which organizations are eligible to file Form 1023-EZ
- Real world examples including completing sections of the application
Faculty
Garrett M. Higgins, CPA
Partner
PKF O'Connor Davies
Mr. Higgins is a member of the Firm’s Executive Committee. He serves as Partner-in-Charge of the Exempt... | Read More
Mr. Higgins is a member of the Firm’s Executive Committee. He serves as Partner-in-Charge of the Exempt Organization Tax and Advisory Services Group and has over 20 years of experience providing tax compliance and advisory services to tax-exempt organizations. Mr. Higgins current tax-exempt clients include private foundations, colleges and universities, museums, health care organizations, large public charities, pension and welfare benefit trusts and a number of other non-profit organizations. His considerable expertise extends across a broad range of tax-exempt and other accounting and audit topics. Mr. Higgins has significant experience with public charities and private foundations as well as experience with the tax compliance and consulting issues affecting educational institutions, welfare benefit trusts, health care and other types of exempt organizations. His specific areas of tax and business expertise encompass unrelated business income tax planning, state and local tax planning and reporting, executive compensation, operational and transaction structuring, use of taxable subsidiaries of tax-exempt organizations, intermediate sanctions planning and compliance and fundraising. Mr. Higgins is viewed as a technical authority and is regularly asked to author articles and present at firm-sponsored and other tax-exempt industry events.
Close
Eva Mruk, CPA, EA
Partner
PKF O’Connor Davies
Ms. Mruk serves in the Tax & Advisory Services Group. She has 25 years of experience providing tax compliance and... | Read More
Ms. Mruk serves in the Tax & Advisory Services Group. She has 25 years of experience providing tax compliance and advisory services to the not-for-profit and tax-exempt sectors, including public charities, social services organizations, membership organizations, cultural organizations, colleges and universities, healthcare, religious organizations, business leagues, trade associations, social clubs and private foundations. Ms. Mruk represents clients with federal and state tax controversy matters such as tax-exemption revocations and reinstatements and assists in audits and examinations. She stays well-informed of current tax legislation and emerging issues and is a frequent author and speaker on the complex tax laws affecting tax-exempt organizations.
