Effective July 1, 2014, the IRS implemented a new, streamlined application process for smaller organizations seeking tax-exempt status as under IRC section 501(c)(3) . Replacing the old, longer Form 1023, the new, shorter, and electronic Form 1023-EZ is the IRS’s solution to reduce the existing backlog of applications for tax-exemption. Although this will not affect every 501(c)(3) applicant, the IRS estimates that 70% of applicants will be able to use the Form 1023-EZ. Who can file a Form 1023-EZ? Filing a Form 1023-EZ is generally available for certain U.S. organizations with assets of $250,000 or less and annual gross......


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