IRS Form 1024 is used by organizations seeking recognition of tax-exempt status under IRC Section 501(a) or Section 521.
Prepare answers for your application with our editable Form 1024 and avoid delays. Fill out online and download to your device.
Form 1024
2018
Trusted by accountants
“I prepared all my answers in advance with this fillable Form 1024 and filled everything in Pay.gov easily.”
Alex ChenTechnical Content Specialist
Form 1024
2018
Trusted by accountants
IRS Form 1024 is used by organizations seeking recognition of tax-exempt status under IRC Section 501(a) or Section 521.
Prepare answers for your application with our editable Form 1024 and avoid delays. Fill out online and download to your device.
“I prepared all my answers in advance with this fillable Form 1024 and filled everything in Pay.gov easily.”
Alex ChenTechnical Content Specialist
How to Fill Out Form 1024
- Open the editable Form 1024.
- Enter your organization’s legal name, address, and Employer Identification Number (EIN).
- Select the appropriate exemption section per Form 1024 instructions.
- Describe your mission and detailed activities that support it.
- Provide governing documents and required organizational details.
- Sign and submit the form and attachments.
What Is Form 1024 Used For?
Form 1024 is used by organizations to apply for recognition of tax-exempt status under Section 501(a) or Section 521 of the Internal Revenue Code. It allows the IRS to evaluate whether an organization meets the requirements for exemption.
If the application is approved, the IRS issues a determination letter confirming exempt status. However, for organizations that are not required to apply but choose to file, receiving this letter is typically the primary reason for filing. The determination letter provides incidental benefits, including public recognition of tax-exempt status, possible exemption from certain state taxes, advance assurance to donors of contribution deductibility in certain cases, and nonprofit mailing privileges.
Who Should Use Form 1024?
Form 1024 is used by most types of organizations applying for recognition of exemption under Section 501(a) or Section 521. However, organizations applying under Section 501(c)(3) or Section 501(c)(4) should use Form 1023, Form 1023-EZ, or Form 1024-A instead.
When Is Form 1024 Due?
Form 1024 has no specific due date. It should generally be filed as soon as possible after an organization is legally formed and begins operations if it wants recognition of tax-exempt status.
To receive exemption effective from the date of formation, the IRS requires the Form 1024 to be filed within 27 months after the month the organization was created. If filed later, tax-exempt status is usually effective from the date the application is submitted.
What Happens If Form 1024 Is Not Submitted?
If Form 1024 is not submitted, the IRS will not recognize the organization as tax-exempt under the IRC Section 501(a) or Section 521. This means the organization may be treated as a taxable entity and could be responsible for paying federal income taxes. Without approved exemption, the organization may also lose access to important nonprofit benefits.
How and Where Do I File Form 1024?
Form 1024 has to be filed electronically through the IRS Pay.gov system. Paper filing is generally not accepted, so organizations need to complete and submit it online along with the required Form 1024 fee.
How to Get Your Form 1024
1
Open the printable Form 1024 in our online editor
2
Enter the required details
3
Download Form 1024 to your device
#1. How do I get a blank Form 1024?
You can get a blank Form 1024 from the IRS website or pdf.net. If you access the form through our PDF editor, you can complete it online directly.
#2. Can I submit Form 1024 electronically?
Yes, Form 1024 has to be submitted electronically through the IRS Pay.gov system. Since January 2022, electronic filing is required for exemption applications, and paper submissions are generally not accepted.
#3. What if my Form 1024 is missing information?
If your Form 1024 is missing information, the IRS may not be able to process your application and will likely contact you to request additional details. This can delay review and extend processing time. So, review the Form 1024 instructions carefully to complete it correctly.
#4. Can I fill out my Form 1024 online?
Yes, you can fill out your Form 1024 online with pdf.net and submit it using the IRS Pay.gov system. The application is designed for electronic completion.
#5. Is this form free?
This form is free to view and access through pdf.net. You can fill it out with our tools, but to download your Form 1024, you need an active subscription. Visit our pricing page for more details.
#6. Can I correct mistakes on Form 1024?
Yes, you can correct mistakes on a Form 1024, but only up to a point. Before submission on Pay.gov, you can freely edit and fix any errors. After submission, you cannot directly edit the application. Instead, the IRS may request clarification or additional information, or you may need to send supplemental documents to address the mistake.
#7. How long does it take to process Form 1024?
How long it takes to process a Form 1024 depends on the complexity of the application and the IRS workload. If the application is complete and no additional information is needed, it is usually processed faster. That is why it is important to fill out your form fully. Cross-checking with a Form 1024 example can help you avoid mistakes.
#8. How much is the filing fee for Form 1024?
The filing fee for Form 1024 is updated annually by the IRS. Visit the official IRS website to check the current amount before filing your application through Pay.gov. Payments can be made by bank account, credit card, or debit card.