2010-2025 Form

What is the Form 8718

The Form 8718 is an essential document utilized by organizations seeking recognition of tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. This form is primarily filed with the Internal Revenue Service (IRS) as part of the application process for obtaining a determination letter, which confirms an organization’s eligibility for tax-exempt status. The form collects critical information about the organization, including its purpose, structure, and activities, ensuring compliance with IRS regulations.

How to use the Form 8718

Using the Form 8718 involves several steps to ensure accurate completion and submission. Organizations must first gather necessary information, including their mission statement, financial data, and details about their governing structure. Once the form is filled out, it must be submitted along with the appropriate application for exemption, typically Form 1023. It is crucial to ensure that all sections are completed thoroughly to avoid delays in processing or potential rejection by the IRS.

Steps to complete the Form 8718

Completing the Form 8718 requires careful attention to detail. Follow these steps:

• Begin by downloading the latest version of Form 8718 from the IRS website.
• Provide the organization’s legal name, address, and Employer Identification Number (EIN).
• Clearly describe the organization’s purpose and activities.
• Include information about the governing body and any affiliations.
• Review the form for accuracy and completeness before submission.

Legal use of the Form 8718

The legal use of Form 8718 is critical for organizations seeking tax-exempt status. The form must be completed in accordance with IRS guidelines to ensure that the application is valid. Submitting an incomplete or inaccurate form can lead to delays or denials of tax-exempt status. Organizations must also retain copies of the completed form and any correspondence with the IRS for their records, as these documents may be required for future audits or compliance checks.

Filing Deadlines / Important Dates

Organizations must be aware of specific filing deadlines associated with Form 8718. Typically, the form should be filed simultaneously with Form 1023, which has its own deadlines based on the organization’s fiscal year. It is advisable to check the IRS website for the most current deadlines and any updates that may affect the filing process. Missing these deadlines can result in penalties or loss of tax-exempt status.

Required Documents

When submitting Form 8718, organizations must include several supporting documents to facilitate the review process. Required documents may include:

• A copy of the organization’s articles of incorporation or bylaws.
• Financial statements or budgets for the current and previous years.
• Detailed descriptions of the organization’s programs and activities.
• Any additional documentation requested by the IRS.

Form Submission Methods (Online / Mail / In-Person)

Form 8718 can be submitted through various methods, depending on the preferences of the organization and IRS guidelines. Organizations may choose to file online through the IRS e-File system or submit a paper form via mail. In-person submissions are generally not accepted for this form. It is essential to confirm the preferred submission method and ensure that all documents are sent to the correct IRS address to avoid processing delays.