This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on September 1, 2006. Check the official IRS-issued instructions before completing and submitting the form.
Q: What is IRS Form 1028?
A: IRS Form 1028 is an application for recognition of exemption under Section 521 of the Internal Revenue Code.
Q: Who needs to fill out IRS Form 1028?
A: Organizations seeking recognition of exemption under Section 521 of the Internal Revenue Code need to fill out IRS Form 1028.
Q: What does Section 521 of the Internal Revenue Code refer to?
A: Section 521 of the Internal Revenue Code refers to cooperatives, including certain housing, electric, and telephone cooperatives.
Q: What is the purpose of IRS Form 1028?
A: The purpose of IRS Form 1028 is to apply for recognition of exemption for cooperatives under Section 521 of the Internal Revenue Code.
Q: What supporting documents are required with IRS Form 1028?
A: The specific supporting documents required with IRS Form 1028 may vary depending on the type of cooperative. The instructions for the form provide details on the required documentation.
Q: What happens after filing IRS Form 1028?
A: After filing IRS Form 1028, the IRS will review the application and any supporting documents. They will then make a determination regarding the organization's recognition of exemption under Section 521 of the Internal Revenue Code.
Q: What happens if IRS Form 1028 is approved?
A: If IRS Form 1028 is approved, the organization will be recognized as exempt under Section 521 of the Internal Revenue Code and may be eligible for certain tax benefits.
Q: What happens if IRS Form 1028 is denied?
A: If IRS Form 1028 is denied, the organization may have the option to appeal the decision or make changes and reapply. It is important to review the denial letter and follow the instructions provided by the IRS.
Form Details:
Download a fillable version of IRS Form 1028 through the link below or browse more documents in our library of IRS Forms.