myCPE
myCPE

All Courses, One Price. Unlimited Access and Many Benefits.

Subscribe $199

April Accelerate Sale 2024 : 67% Savings on Subscription. Offer Ends Soon! April Accelerate Sale 2024 :
67% Savings on Subscription. Offer Ends Soon!
00hrs : 00min : 00sec

View Offer

New Form 1023 – Federal Exemption Application 2 Credits

New Form 1023 – Federal Exemption Application 2 Credits

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Answer the polling questions
  • Get your certificate

Jan 26, 2024 | 12:30 PM ET

Learning Objective

  • To describe the new electronic filing requirement
  • To determine how to address selected questions on the new form
  • To identify the usefulness of EO Specialist Questions that pertain to Form 1023 questions.
  • To recognize properly prepared attachments for Form 1023
  • To identify who are the proper signers for the electronic Form 1023
  • To advise and plan for the use of pay.gov accounts 
  • To identify resources for efficient and compliant Form 1023 filings

Course Overview

Charities need to obtain recognition of their tax-exempt status from the Internal Revenue Service. 

Unless an exception applies, an organization wishing to obtain tax-exempt status under Code Sec. 501(c)(3) must file a Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. If the IRS accepts the application, the IRS will issue a determination letter recognizing the organization’s tax-exempt status.

The IRS revised Form 1023, Additionally, the IRS now requires that Form 1023 be filed electronically with the IRS.  Completing this form can be a daunting task because of the legal and tax technicalities you'll need to understand. This online CE course will introduce you to how to prepare Form 1023 and how to successfully navigate the technical challenges when submitting an electronic application.

In this CPE course, the speaker Louis Michelson examines selected questions, such as compensation and non-fixed compensation, operations, and activities in foreign countries, and explains resources that can assist in completing these questions. He presents technical filing matters, including the attachments to the filing, electronic signature, payment of user fees, and resources for resolving technical difficulties.

This Online CPE/CE webinar on taxes will discuss the advantages and disadvantages of a non-profit charitable entity and other alternatives including:

  • Overview of the Electronic Filing and the New Form
  • Completion requirement
  • Pay.gov features
  • NTEE codes and Joint Ventures
  • Compensation and Non-Fixed Compensation
  • Grants, Loans, or Other Distributions: Domestic and Foreign Organizations
  • Technical Electron Filing Matters
  • Attachments to Form 1023 and Transition Rules
  • Electronic Signatures and Pay.gov Accounts
  • Resolving Technical Difficulties
  • IRS Instructions, Video Tutorials, and PDF transcripts
  • IRS Relief if the missed filing deadline
  • Practical suggestions

  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00658-21-S)

    Valid upto : Dec 31, 2024

  • 2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-00658-21-S)

    Valid upto : Dec 31, 2024

  • 2 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0624)
  • 2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00658-21-S)

    Valid upto : Dec 31, 2024

  • 2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00658-21-S)

    Valid upto : Dec 31, 2024

  • 2 CE Credit of Federal tax-related matters for LTC (Approval No. GEHNZ-T-00658-21-S)

    Valid upto : Dec 31, 2024

  • 2 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00658-21-O)
  • 2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP) (Approval No. GEHNZ-T-00658-21-O)
  • 2 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0624)
  • 2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00658-21-O)
  • 2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00658-21-O)
  • 2 CE Credit of Federal tax-related matters for LTC (Approval No. GEHNZ-T-00658-21-O)
  • 2 CPE Credit of Taxes for Iowa Licensed Public Accountant (IA-LPA)
  • 2 CPE Credit of Taxes for Maine Licensed Public Accountant (ME-LPA)
  • 2 CPE Credit of Taxes for Delaware Licensed Public Accountant (DE-LPA)

Additional Information

Credits

2

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering aintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

Mr. Michelson received his B.A. Degree, with general honors from the University of Chicago, his M.S. in Accountancy from DePaul University and his J.D. degree from UCLA School of Law. He has been admitted to practice with the U.S. Tax Court and the United States District Court, Central District of California.

Mr. Michelson is Past Chair of the Nonprofit Organizations Committee of the Business Law Section of the California Lawyers Association. He has served as Chair of the Tax-Exempt Organizations Committee of the Taxation Section of the State Bar of California, as Co-Chair of the Nonprofit Organizations Committee of the Business Law Section of the State Bar of California and as Chair of the Taxation Section of the Los Angeles County Bar Association. In May 2001 he participated in the Los Angeles County/California State Bar delegation to the Internal Revenue Service, Treasury and staff of the Congressional tax committees in Washington D.C. to discuss proposed guidance, as set forth in a co-authored paper, “Getting Connected: Business and Politics of Charities on the Internet.”  Together with other attorneys, he assisted in reviewing and suggesting revisions to portions of the California Attorney General’s Guide to Charities. Mr. Michelson is a lecturer at UCLA Extension on tax issues for nonprofit organizations. He is also Adjunct Professor at David Nazarian College of Business and Economics California State University Northridge for a class on income taxation of trusts and estates. He has lectured for business and professional organizations and written articles on various federal and California tax topics. He is a member of the American, California, and Los Angeles County Bar Associations.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Ratings and Review

4.3

Excellent

Very Good

Average

Poor

Terrible

Laura Stahl
Laura Stahl, EA

This is an excellent course on Form 1023. It's a thorough discussion of the process for filling out the form, what to attach and more. This is also very well presented. Thank you Louis Michelson and myCPE!

Nicole Haley
Nicole Haley, Accountant/Bookkeeper/Tax Professionals

Great insight into Form 1023! Grateful for an opportunity to better understand the complexities of non-profits.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive
mobile app for
our unlimited access
subscribers

7 mins ago. Subscribed
Colton purchased a subscription.
14 mins ago. Subscribed
Jennifer purchased a subscription.
6 mins ago. Subscribed
Jackie purchased a subscription.
10 mins ago. Subscribed
Rodney purchased a subscription.
13 mins ago. Subscribed
Mia purchased a subscription.
15 mins ago. Subscribed
Mitchell purchased a subscription.
3 mins ago. Subscribed
Janine purchased a subscription.
2 mins ago. Subscribed
QIAN purchased a subscription.
12 mins ago. Subscribed
Elizabeth purchased a subscription.
15 mins ago. Subscribed
Rana purchased a subscription.
13 mins ago. Subscribed
Shakirat purchased a subscription.
5 mins ago. Subscribed
Edward purchased a subscription.
10 mins ago. Subscribed
Tatyana purchased a subscription.
14 mins ago. Subscribed
Richard purchased a subscription.
3 mins ago. Subscribed
TARA purchased a subscription.
8 mins ago. Subscribed
Melanie purchased a subscription.
15 mins ago. Subscribed
GREG purchased a subscription.
8 mins ago. Subscribed
JUANA purchased a subscription.
6 mins ago. Subscribed
Avantika purchased a subscription.
4 mins ago. Subscribed
Carla purchased a subscription.
14 mins ago. Subscribed
Ryan purchased a subscription.
4 mins ago. Subscribed
Tristan purchased a subscription.
8 mins ago. Subscribed
Huu purchased a subscription.
7 mins ago. Subscribed
Ankit purchased a subscription.
3 mins ago. Subscribed
Joanna purchased a subscription.
12 mins ago. Subscribed
Yibing purchased a subscription.
9 mins ago. Subscribed
Heather purchased a subscription.
11 mins ago. Subscribed
DALE purchased a subscription.
11 mins ago. Subscribed
ALBERT purchased a subscription.
14 mins ago. Subscribed
Kelly purchased a subscription.
9 mins ago. Subscribed
Meng purchased a subscription.
10 mins ago. Subscribed
Karen purchased a subscription.
8 mins ago. Subscribed
Sandesh purchased a subscription.
4 mins ago. Subscribed
Mark purchased a subscription.
11 mins ago. Subscribed
Albert purchased a subscription.
9 mins ago. Subscribed
Robert purchased a subscription.
13 mins ago. Subscribed
Mahmoud purchased a subscription.
8 mins ago. Subscribed
timothy purchased a subscription.
12 mins ago. Subscribed
Carrie purchased a subscription.
3 mins ago. Subscribed
Angela purchased a subscription.
9 mins ago. Subscribed
Beth purchased a subscription.
12 mins ago. Subscribed
Natasha purchased a subscription.
13 mins ago. Subscribed
Riddhi purchased a subscription.
3 mins ago. Subscribed
Amanda purchased a subscription.
8 mins ago. Subscribed
Daniel purchased a subscription.
6 mins ago. Subscribed
Janet purchased a subscription.
10 mins ago. Subscribed
Kevin purchased a subscription.
3 mins ago. Subscribed
Diann purchased a subscription.
2 mins ago. Subscribed
Steven purchased a subscription.
4 mins ago. Subscribed
Maiko purchased a subscription.
10 mins ago. Subscribed
Michael purchased a subscription.
6 mins ago. Subscribed
Emily purchased a subscription.
7 mins ago. Subscribed
Natalie purchased a subscription.
13 mins ago. Subscribed
Maegan purchased a subscription.
4 mins ago. Subscribed
Richard purchased a subscription.
15 mins ago. Subscribed
Mark purchased a subscription.
10 mins ago. Subscribed
Winnie purchased a subscription.
13 mins ago. Subscribed
Kristen Cahill purchased a subscription.
4 mins ago. Subscribed
Helen purchased a subscription.
13 mins ago. Subscribed
Khushbu purchased a subscription.
8 mins ago. Subscribed
Abdus purchased a subscription.
12 mins ago. Subscribed
Jonathan purchased a subscription.
9 mins ago. Subscribed
Elisa purchased a subscription.
7 mins ago. Subscribed
Rachel Bunner purchased a subscription.
11 mins ago. Subscribed
Scott purchased a subscription.
6 mins ago. Subscribed
Walid purchased a subscription.
10 mins ago. Subscribed
Ashley purchased a subscription.
11 mins ago. Subscribed
sungnam purchased a subscription.
12 mins ago. Subscribed
Madison purchased a subscription.
3 mins ago. Subscribed
Kala purchased a subscription.
10 mins ago. Subscribed
Kim purchased a subscription.
6 mins ago. Subscribed
brian purchased a subscription.
12 mins ago. Subscribed
Sonia purchased a subscription.
4 mins ago. Subscribed
Humberto (Rick) purchased a subscription.
11 mins ago. Subscribed
SURBHI purchased a subscription.
2 mins ago. Subscribed
Deborah purchased a subscription.
10 mins ago. Subscribed
Kalkar purchased a subscription.
10 mins ago. Subscribed
Katelyn purchased a subscription.
15 mins ago. Subscribed
JEFFREY purchased a subscription.
5 mins ago. Subscribed
Joann purchased a subscription.
6 mins ago. Subscribed
Matthew purchased a subscription.
13 mins ago. Subscribed
Sonia purchased a subscription.
14 mins ago. Subscribed
Robert purchased a subscription.
10 mins ago. Subscribed
David purchased a subscription.
12 mins ago. Subscribed
Adarsh purchased a subscription.
9 mins ago. Subscribed
Sithandazile purchased a subscription.
8 mins ago. Subscribed
Donna purchased a subscription.
9 mins ago. Subscribed
David purchased a subscription.
3 mins ago. Subscribed
George F purchased a subscription.
3 mins ago. Subscribed
RONALD purchased a subscription.
13 mins ago. Subscribed
Melvin purchased a subscription.
13 mins ago. Subscribed
Mayda purchased a subscription.
9 mins ago. Subscribed
MARY ELLEN purchased a subscription.
13 mins ago. Subscribed
Michael purchased a subscription.
13 mins ago. Subscribed
Natalia purchased a subscription.
5 mins ago. Subscribed
Kathryn purchased a subscription.
2 mins ago. Subscribed
Greg purchased a subscription.
4 mins ago. Subscribed
Jason purchased a subscription.
11 mins ago. Subscribed
Aimee purchased a subscription.
15 mins ago. Subscribed
Nadia purchased a subscription.