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Mark Lyda from Lyda Law Firm discusses the importance of filling out Form 1023, your official application for tax-exempt status from the IRS. Different types of nonprofits may have different forms, but this tutorial focuses on traditional 501(c)(3) nonprofits. Smaller nonprofits may use Form 1023-EZ for a simpler process. This video touches on key points to keep in mind during the application process.