Jul
01
2014

IRS Exempt Organization Newsletter 2014-11

On July 1, the IRS released its Exempt Organization Newsletter, Issue Number 2014-11.

New 1023-EZ Form Makes Applying to be Tax-Exempt Easier; Most Charities Qualify

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.

Written by in: General

RSS feed for comments on this post. TrackBack URL


Leave a Reply

WP-SpamFree by Pole Position Marketing

Powered by WordPress | Published by Bryan Cave LLP | Privacy Policy | Disclaimer | Advertising Notice | Site Map
Home | Our Team | Our Practice | FAQ | Clients | Our Firm | Contact Us | Twitter