Form 1023 and the Toughest Compliance Challenges

Clearing the Hurdles When 501(c)(3) Organizations Apply for Tax Exempt Status

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Wednesday, October 23, 2013

Recorded event now available

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Course Materials

This teleconference will offer an in-depth review for accounting pros and tax preparers who work with non-profit organizations and other clients seeking to qualify for tax exempt status on Form 1023. The panel will equip the attendees with approaches for overcoming Form 1023 and its schedules' toughest compliance challenges.


Completing a client's IRS Form 1023 to apply for 501(c)(3) tax exempt status poses many tough compliance issues for accountants and tax preparers. Providing extensive financial data spanning multiple tax years is only one time-consuming requirement within the Form's 27 pages, 11 parts and 8 schedules.

You must face and resolve difficult questions to ensure accurate and successful applications. How much information should be supplied on organizations in Part V? What has to be reported regarding non-fixed payments, officer/director comp and member benefits? How long should fundraising revenue be projected?

A drill-down on the material requirements of different components of Form 1023 and a thorough assessment for addressing the most difficult compliance questions will benefit all accountants and tax preparers. The panel's insights into the IRS review process for Forms 1023 will help you avoid the potential traps.

Listen as our panel of experienced advisors outlines and analyzes their experienced approaches to handling the toughest aspects of Form 1023 preparation.



  1. Drill-down on Form 1023 and its 11 parts
    1. Part IV (narrative description of your activities)
    2. Part V (compensation)
    3. Part VI (members and other individuals and organizations receiving benefits)
    4. Part VII (specific activities)
    5. Part IX (financial data)
  2. Review of Form 1023's 8 schedules
  3. Compliance issues to anticipate with different types of applicants
  4. Current IRS process for reviewing Form 1023 applications


The panel will address these and other problematic aspects of Form 1023:

  • What financial data is requested on Form 1023—and how should it be presented?
  • What should be supplied when responding to questions about close connections with other organizations and about intellectual property?
  • What specific organization activities must be reported, and how should they be verified?
  • What meets the standards for disclosing compensation, non-fixed benefits, member benefits and other data?

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.


Rich Ruvelson
Rich Ruvelson

Green Hasson Janks

Mr. Ruvelson has nearly 30 years of experience in providing tax services to non-profit clients, including public and...  |  Read More

Ofer Lion
Ofer Lion

Hunton & William

Mr. Lion has represented nonprofits and tax-exempt organizations in a wide range of tax, transactional, and...  |  Read More

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