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Form 1024 Online Plano Texas: What You Should Know
Exempt Organizations Reporting Under Section 6012. 1,700.00 25002 5/12/2022 125,863.86 123,943.90 About Form 1004, Application for Special Recognition of Exemption Form 1004 for Special Recognition of Exemption from the Federal Income Tax Form 1004 is the only way for an organization to request recognition as a taxpayer-controlled nonprofit organization. Section 501(C) of the Code recognizes nonprofit organizations for tax exemption provided these organizations maintain certain requirements under the Code, such as not having certain political activities during the tax year or not making expenditures greater than 25,000. The organization is exempt from federal income tax for the tax year in which it was formed if it meets the requirements established under this section. Section 107 of the Code specifically states that these requirements are not intended to provide or confer exemption from state income taxation. Therefore, an organization that establishes itself as a tax-exempt entity does not receive any special consideration by virtue of being tax-exempt. Organizations may seek special recognition in the Federal Register by making a request to the IRS that a specific provision of the Code be extended to nonprofit organizations. This request must be received at least 25 days before the tax due date for each reportable activity for which special recognition is requested. To use the Federal Register for the purpose of filing Form 1004, the following provisions of the Federal Register must be modified (1) the date the organization wishes to file such a Form 1004; (2) the date by which a request for special recognition from the IRS for a particular provision of the Code must be received; and (3) the date the proposed Form 1004 must be filed. Form 1004 is a one-page document consisting of four sections, and a Statement of Organization (Form 1004-A, “Statement of Organization for Special Recognition by the IRS”). The Form 1004 has a single signature line by which an organization must designate itself as a taxpayer-controlled nonprofit. For information about the form, see “Form 1004, Application for Special Recognition by the IRS.” Form 1004-A for Special Recognition by the IRS To obtain special recognition under Section 501(c)(4) of the Code, an organization must file Form 1004 in conjunction with a completed Federal Tax Identification Number (FIT) or other taxpayer identification number issued by an IRS or other federal or state government tax authority.
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