How long does it take to complete the IRS Form 1023 to gain Tax-Exempt 501(c)(3) status?
IRS Form 1023 is 28 pages long, contains several schedules and attachments and requires approximately 25-50 additional pages of required documents. Furthermore, obtaining 501(c)(3) status requires the filing of several other IRS forms. On average, the completion of the required IRS forms and subsequent correspondence with the IRS agents takes approximately 100 hours and 6-8 months to compete the process. (See page 24 of the Instructions for Form 1023.) The IRS estimates well over 150 hours of work for a novice and/or individuals unfamiliar with tax law and governmental paperwork to complete the application. (See Publication 557, Tax-Exempt Status for your Organization). However, with the assistance of I INC You, Inc., your 501(c)(3) application process is made simple, clear, and manageable. The time frame for completion of the IRS forms, additional schedules, and required documents depends upon the cooperation of our customers for submission of all the information I INC YOU, Inc. will