Form Instructions 1023 for Kansas City Missouri 2024-2025

Form Instructions 1023 for Kansas City Missouri: What You Should Know

For additional information, see IRS Publication 926, Federal Tax Guide: Charitable Organizations. The Internal Revenue Code specifically exempts religious organizations from paying taxes on any income that is provided directly to them, such as financial contributions (1023(k)). Religious organization's also exclude the distribution of such funding from their tax-exempt status as a charity. The United States and Federal Government may exclude certain types of income from a taxpayer's total tax return for purposes of determining potential liability for the exclusion. A taxpayer is exempt from taxation of income that is provided directly to the taxpayer by any person, including a charitable organization. Section 1312(a)(4)(B) and Section 7609 of the Internal Revenue Code provide that any income that is received from a person's own contributions is exempt but excludes amounts obtained from a loan, advance, or contribution. Eligibility for tax-exempt status as a national, state, or local charity is established solely by the application of the criteria set by the Internal Revenue Code. Under section 1312(a)(3)(A), the definition of “charity”, a charity must qualify as organized and operated exclusively for religious, charitable, scientific, educational, literary, testing for public safety, ethical, or fraternal purposes. Section 1312(a)(7)(A) provides that a person qualifies as a charity if it is organized and operated, with its stated purposes, primarily for the benefit of individuals rather than the public, and it receives more than 50 percent of its gross income from the solicitation or distribution of money or property. Section 1312(a)(6)(A) provides that a charity qualifies as an organization subject to the general tax laws if its stated purpose can fairly be regarded as having a charitable or similar purpose or mission. The Act further provides that a person qualifies as an organization subject to the tax laws if it qualifies as a “charity” within the meaning of section 501(c)(3) of the Code without regard to whether the organization has received public support or assistance from the public.

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