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In order for the effective date of your exempt status to be the legal date of formation, you must file the 1023 within 27 months after the end of the month you were legally formed. If you are not within the 27 months, your exempt status will start the date the IRS received the 1023. If your application is pending, you are to file the 990, 990EZ, 990PF, or other tax form and mark “application pending”. Here is a link to the instructions for the Form 1023 which discusses what to do when application is pending. http://www.irs.gov/pub/irs-pdf/i1023.pdf
What I wonder is when you applied for your EIN, if you reported the entity as a not for profit or as a corporation. It should have been as a not for profit. Does your letter from the IRS say you are to file the 1120 corporate return? If so, you should get this straightened out through the IRS.
If this answers your question, please click the accept button as this is the only way we get paid for the assistance we provide to you. If you need more clarification, please let me know. If I am not available at the time, I will be. I appreciate the opportunity to assist you and I look forward to your response.Stephanie
Thank you Stephanie,
Please bear with me, I'm not yet ready to "accept" as I may need clarification but for now you have answered my question.
Not a problem at all. Take your time.