Instructions for IRS Form 1028 Application for Recognition of Exemption Under Section 521 of the Internal Revenue Code

IRS Form 1028 Application for Recognition of Exemption Under Section 521 of the Internal Revenue Code

This document contains official instructions for IRS Form 1028 , Application for Recognition of Exemption Under Section 521 of the Internal Revenue Code - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 1028 is available for download through this link.

FAQ

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: What is the purpose of Form 1028?
A: The purpose of Form 1028 is to apply for tax-exempt status under section 521 of the Internal Revenue Code.

Q: Who needs to file Form 1028?
A: Organizations seeking tax-exempt status as a farmers' cooperative must file Form 1028.

Q: What is a farmers' cooperative?
A: A farmers' cooperative is an organization formed by farmers to market and distribute their agricultural products.

Q: Are there any fees associated with filing Form 1028?
A: No, there are no fees associated with filing Form 1028.

Q: What documents should be included with Form 1028?
A: You should include a copy of your organizing documents and financial statements with Form 1028.

Q: How long does it take for the IRS to process Form 1028?
A: The processing time for Form 1028 can vary, but it generally takes several months.

Q: Can I check the status of my Form 1028 application?
A: Yes, you can check the status of your Form 1028 application by contacting the IRS.

Q: What should I do if my Form 1028 application is denied?
A: If your Form 1028 application is denied, you can appeal the decision within a certain timeframe.