Heard on the Web: New 1023-EZ Form Makes Applying to be Tax-Exempt Easier; Most Charities Qualify

Heard on the Web: New 1023-EZ Form Makes Applying to be Tax-Exempt Easier; Most Charities Qualify

News story posted in IRS Forms, Revenue Procedures on 2 July 2014| 1 comments
audience: National Publication | last updated: 7 July 2014
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The Internal Revenue Service today introduced a new, shorter application form, Form 1023-EZ, to help small charities apply for 501(c)(3) tax-exempt status more easily. Most organizations with annual gross receipts of $50,000 or less and assets of $250,000 or less are eligible. See news release for details.

The change will allow the IRS to speed the approval process for smaller groups and free up resources to review applications from larger, more complex organizations while reducing the application backlog. 

The new 1023-EZ form must be filed on www.pay.gov, accompanied by a $400 user fee. The instructions include an eligibility checklist that organizations must complete before filing the form.

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Re: Heard on the Web: New 1023-EZ Form Makes Applying to be ...

Do you know of organizations that are part of the backlog, can they refile using the new form?

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