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Form Instructions 1023-EZ for Salt Lake Utah: What You Should Know

If your gross income is under 50000 you are exempt from federal income tax, and only you need to do nothing. Your organization must now file a quarterly return of income, showing all your income. In addition, you should enter the current balance of your account in the section “Accounts Receivable.” You may get a 1023-EZ letter from the IRS. Form 1045-O — Application for Recognition as a Charitable Institution you are forming or maintaining a corporation, cooperative or estate under  sec. 501(c)(3), prepare a Form 1045 for your annual status report. The form asks for a list of your property and the amount of income from each item on your list. The form also asks for an explanation of each item in your Form 1045.

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